Post Tagged with: "JPMorgan Chase"

Why Do People Use Venmo? Check the Emojis.

Why Do People Use Venmo? Check the Emojis.

by September 28, 2016 at 3:46 pm 0 comments

The classic use case for peer-to-peer payments is splitting a check — it’s straightforward, easy to understand, and the people doing it are young and having fun (probably). But the problem is that the average P2P payment, according to JPMorgan Chase, anyway, is $300, rather expensive for a dinner bill.Read More

Credit Karma Hits 60 Million Users, Will Add Mortgages

Credit Karma Hits 60 Million Users, Will Add Mortgages

by September 9, 2016 at 9:37 am 1 comment

Credit Karma now has 60 million users. Yes, that zero is supposed to be there. And the company, which gives out free credit scores and generates revenue from selling lending leads, is adding 1 million to 2 million users — which the company calls “members” — per month, a Credit Karma official told anRead More

Chase Spoofs Slow Payments in ‘Express Funding’ Video

Chase Spoofs Slow Payments in ‘Express Funding’ Video

by September 2, 2016 at 10:51 am 1 comment

JPMorgan Chase pokes fun at three-day payments in a new spot for its express funding service for business. The service allows card payments using Visa, MasterCard and Discover to be credited to an account the next business day, instead of the old wait of three days. Express funding for business customers launched thisRead More

Gavin Michael Leaves Chase to Head Up Consumer Tech at Citi

Gavin Michael Leaves Chase to Head Up Consumer Tech at Citi

by August 16, 2016 at 10:48 am 0 comments

There was a shakeup in the highest echelons of fintech today as Citigroup announced Gavin Michael, head of digital at JPMorgan Chase, will join Citi as head of technology for global consumer banking. This role encompasses the digitization efforts of Citi’s consumer businesses, the bank said today. That includes cards, retail banking andRead More

Venmo Will Soon Be Larger Than Any Bank P2P Service

Venmo Will Soon Be Larger Than Any Bank P2P Service

by August 1, 2016 at 12:38 pm 6 comments

July’s PayPal earnings call talked quite a bit more about Visa than Venmo, but while the consequences of the Visa deal are still unknown, Venmo’s numbers are already known, and they look great. Specifically, Venmo processed $4 billion in transactions in Q2, compared with $3.2 billion the quarter previous. This isRead More

SMS No Longer Secure for 2-Factor Authorization

SMS No Longer Secure for 2-Factor Authorization

by July 27, 2016 at 2:38 pm 1 comment

It might be time to say goodbye to those text messages containing PINs to help you log into your favorite banking site. The U.S. National Institute of Standards and Technology (NIST) released a draft of its latest guidelines on digital authentication this week, and it contains a disturbing bit ofRead More

Wells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)

Wells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)

by July 19, 2016 at 4:45 pm 2 comments

Another bank is live with a digital wallet. Wells Fargo & Co. joins JPMorgan Chase and Capital One in launching a bank-branded mobile payment platform, or digital wallet. These instruments for making transactions via mobile phone are meant to compete with PayPal, which has been abuzz lately with rumors of a possibleRead More

Chase Outpaces Rivals in Mobile Banking Race

Chase Outpaces Rivals in Mobile Banking Race

by July 18, 2016 at 11:05 am 2 comments

JPMorgan Chase is winning the mobile game. Bank of America held its second-quarter earnings call today, and was the last of the nation’s largest banks to do so. Mobile is of interest on bank earnings calls primarily as a cost-saving measure, as digital customers are less expensive to serve. For instance,Read More

Chase to Launch Its Own P2P App

Chase to Launch Its Own P2P App

by July 15, 2016 at 11:21 am 1 comment

JPMorgan Chase & Co. building a peer-to-peer payment app featuring its QuickPay service, which is tied into the clearXchange network, CEO Jamie Dimon announced yesterday. Dimon did not say when the app would be launched, only that it “will be rolled out shortly.” Interestingly, Dimon seemed to indicate that JPM would make theRead More

Why Doesn’t Your Bank Know You Use Uber?

Why Doesn’t Your Bank Know You Use Uber?

by July 14, 2016 at 11:26 am 1 comment

Have you ever received a piece of mail from your bank offering something completely irrelevant, like a home loan just months after you’ve bought a house? You’d think this would be a thing of the past with the data banks have access to, but it’s still happening in the digital age.Read More