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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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November 5, 2024
On the web
Checkbook Joins J.P. Morgan Payments Partner Network
Yahoo Finance
"Checkbook announced it is joining the J.P. Morgan Payments Partner Network. Checkbook and J.P. Morgan Payments will help revolutionize the landscape of digital check payments by enabling J.P. Morgan Payments corporate clients to easily send digital checks from their J.P. Morgan bank accounts, transforming the way payments are made in both B2B and B2C environments."
October 29, 2024
On the web
JPMorgan Sues Customers It Says Took Advantage of “Infinite Money” Glitch
CBS News
"JPMorgan is suing customers it alleges took advantage of a technical glitch to steal thousands of dollars from the bank at ATMs. The loophole, called the "infinite money glitch" by social media users who became aware of it in August, let customers deposit counterfeit checks for large amounts of money and then withdraw the funds before the bank could verify they were bogus."
October 28, 2024
On the wires
ValidiFI Collaboration with J.P. Morgan Payments will Enhance Secure Digital Transactions
PR Newswire
"ValidiFI, Inc., a provider of predictive bank account and payment intelligence, and J.P. Morgan Payments today announced a collaboration aimed at helping businesses across various industries validate bank accounts and conduct transactions with enhanced confidence and security."
October 2, 2024
On the web
From Checks to Digital: J.P. Morgan and Codat Discuss the Changing Landscape of B2B Payments
Tearsheet
"Codat and J.P. Morgan have recently announced a partnership aimed at facilitating the transition from checks to digital payments for major banks in the United States. This collaboration has resulted in the launch of Codat’s new Supplier Enablement API product, designed to increase virtual card usage, with J.P. Morgan as an early adopter for its B2B virtual card offering."
October 1, 2024
On the web
J.P. Morgan and Trustpair Join Forces to Offer Global Bank Account Validation Service
Business Wire
"Trustpair, a vendor fraud prevention platform for multi-national corporates, has enhanced its capability to verify global bank account information and extended its coverage collaborating with Confirm, an application developed by Onyx by J.P. Morgan, the firm’s blockchain business unit."
September 30, 2024
On the web
JP Morgan’s JPM Coin Used to Settle Digital Commercial Paper on Swiat Blockchain
Ledger Insights
"Germany’s SWIAT blockchain has been responsible for numerous digital bond issuances in the past few months. Now it has hosted a digital commercial paper issuance by Siemens, which was settled using JP Morgan’s JPM Coin in a delivery versus payment transaction."
September 24, 2024
On the web
JP Morgan Plots New UK Credit Card in Challenge to Barclaycard
Yahoo Finance
"America’s biggest bank JP Morgan is plotting a new credit card for UK consumers in a looming challenge to Barclaycard. The lending giant is doing internal tests on a new credit card, which it has been planning for more than a year as part of its strategy to ramp up business in the UK, according to Bloomberg."
September 12, 2024
On the web
J.P. Morgan Payments Expands Oracle Partnership to Streamline Payments Across Treasury, Trade and Commerce
FF News
"J.P. Morgan Payments has announced new and enhanced product integrations connecting to the Oracle ecosystem, making it easier for clients to streamline their payments across treasury, trade and commerce."
August 19, 2024
On the web
JPMorgan Chase Transforms Work for 60,000 Employees with AI Assistant Powered by OpenAI's ChatGPT
EconoTimes
"JPMorgan Chase is revolutionizing its workforce by introducing a cutting-edge AI assistant, powered by OpenAI’s ChatGPT, for 60,000 employees, setting a new standard in banking innovation. According to CNBC's sources, the software is slated to become as commonplace in the bank as Zoom, a videoconferencing program."
August 14, 2024
On the web
J.P. Morgan Payments and PopID to Expand Biometric Offerings
J.P. Morgan
"Whataburger to extend PopID’s biometric payments solution with payments processing powered by J.P. Morgan Payments"
August 7, 2024
On the web
J.P. Morgan Integrates Slope’s AI-Powered Platform to Offer Instant B2B Financing at Point of Sale
Tearsheet
"J.P. Morgan recently invested in and partnered with Slope combining J.P. Morgan’s client relationships with Slope’s AI-driven B2B payment platform providing corporate clients with improved short-term financing options and embedded payment solutions at the point of sale."
August 6, 2024
Top Post
J.P. Morgan Payments and PopID to Expand Biometric Offerings
businesswire
"J.P. Morgan Payments today announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States."
August 5, 2024
On the web
JPMorgan Considers Suing Consumer Watchdog Over Zelle
Yahoo Finance
"JPMorgan Chase said it is considering whether to sue a U.S. consumer watchdog over the agency's inquiries into the Zelle payment app."
July 31, 2024
On the web
JPMorgan Launches In-House Chatbot as AI-Based Research Analyst
Reuters
"JPMorgan Chase has begun rolling out a generative artificial intelligence product, telling employees that its own version of OpenAI's ChatGPT can do the work of a research analyst"
July 9, 2024
On the web
Ant Intl Made Billions of JPM Coin Payments Using Programmability
Ledger Insights
"JP Morgan revealed that Ant International, the affiliate of China’s Alipay, has processed billions of dollars in transactions using JPM Coin. The revelation came as part of a whitepaper on programmable payments released by Onyx by JP Morgan and the MIT Digital Currency Initiative."
July 8, 2024
On the web
AutoRek to Transform Insurance Firms’ Premium Processing by Joining Forces with J.P. Morgan Payments
AutoRek
"AutoRek, a leading insurtech that streamlines premium processing operations within insurance firms, today announced that it has joined forces with J.P. Morgan Payments to help insurance firms overcome data complexities and present new market opportunities."
May 30, 2024
On the web
CBA to Pilot International Use of NameCheck Technology on Liink by J.P. Morgan
Commbank
"Commonwealth Bank of Australia (CBA) will be the first Australian bank to help validate bank account details used in international payments to Australia by enabling its industry leading NameCheck technology on Liink by J.P.Morgan."
May 20, 2024
Top Post
With JPMorgan, Mastercard on Board in Biometric ‘Breakthrough’ Year, You May Soon Start Paying With Your Face
CNBC
"Biometric payment options are becoming more common in the U.S., such as Apple Face ID enabling app purchases, and Amazon’s introduction of pay-by-palm technology in stores, and financial firms from JPMorgan to Mastercard embracing the technology."
May 6, 2024
Top Post
Visa Inc. and J.P. Morgan Payments Forge Strategic Collaboration to Revolutionize Faster Money Movement in the US through Visa Direct
Visa
"Visa Inc. and J.P. Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers, with the introduction of faster domestic payments in the US, through the Visa Direct network."
April 17, 2024
On the web
Codat and JPMorgan Partner to Promote Adoption of Virtual Card
IBS Intelligence
"Codat has launched its new Supplier Enablement data product enabling businesses to share their spending and supplier data from ERP systems and accounting software. Card issuers can access the right data to recruit suppliers to accept virtual card payments instead of checks."
March 12, 2024
On the web
J.P. Morgan Plans Biometric Payments Rollout With PopID in 2025
Biometric Update
"J.P. Morgan is trialing biometric payments powered by PopID‘s commercial identification with more retailers in the U.S. ahead of a planned rollout next year. The pilots include palm, fingerprint, and face authentication for payments in-store, promising a faster, secure checkout experience."
March 5, 2024
On the web
JPMorgan Joins France’s Payments Network CB to Skirt Visa, Mastercard
Yahoo Finance
"JPMorgan Chase & Co said it had joined France's leading payments network Cartes Bancaires (CB), becoming the first U.S. bank to do so as it seeks to offer cheaper card payment costs to its clients in the country...JPMorgan's merchant customers, which include some of the largest U.S. firms, will be able to process their payment via the CB's network by the end of 2024,
February 9, 2024
On the web
How J.P. Morgan’s Ambitious Commerce Platform Enables Cross-Channel Payment Acceptance
Digital Transactions
"J.P. Morgan Payments sees the future of electronic commerce as one pipeline accessed by consumers across channels. Its role in that scenario is outlined by the debut earlier this year of what it calls a full-stack omnichannel service, one that offers in-store, online, and mobile checkout capabilities."
January 11, 2024
Top Post
J.P. Morgan Payments Unveils Full-Stack Omnichannel Payments Solution at NRF
JPMorgan
"J.P. Morgan Payments is unveiling a full-stack omnichannel solution that delivers a modern payments experience with all technology and touchpoints across the transaction managed by the bank."
December 18, 2023
On the web
Melio Launches Real-Time Payments
Melio Payments
Melio, a B2B payments-as-a service platform, announced the launch of a real-time payments feature, supported by J.P. Morgan Payments, that can process payments within seconds.
December 12, 2023
On the web
JPMorgan and Siemens Pioneer Blockchain-Enabled Programmable Payments
CoinTrust
"JPMorgan and Siemens have launched an initiative – a primary blockchain-based programmable cost system and with this innovative approach, lies the concept of conditionality, enabling a checking account to autonomously execute actions based on predefined parameters."
December 6, 2023
On the web
Jamie Dimon Lashes Out Against Crypto: ‘If I Was the Government, I’d Close It Down’
CNBC
"JPMorgan Chase CEO Jamie Dimon lashed out at bitcoin and its peers, suggesting in remarks Wednesday on Capitol Hill that cryptocurrencies should be banned."
December 1, 2023
On the web
JP Morgan Is Live on Multi Bank Tokenized Deposit Platform Partior
Ledger Insights
"JP Morgan is live on Partior, the Singapore-based interbank payment network that uses blockchain."
November 29, 2023
On the web
JPMorgan Says Its UK Bank Chase May Break Even Around 2025
Reuters
"JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months."
November 16, 2023
On the wires
One Inc and J.P. Morgan Payments Team Up to Elevate Property and Casualty Insurance Claims Payments
Business Wire
One Inc. and J.P. Morgan Payments announced they are working together – enabling insurance carriers to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience.