Payments News

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Companies

JPMorgan Sees ‘Very Little’ Demand for Crypto as Payment Tool

“Demand for cryptocurrencies as a payment method has drastically declined over the past six months, according to Takis Georgakopoulos, global head of payments at JPMorgan Chase & Co. “We saw a lot of demand for our clients, let’s say up until six months ago,” Georgakopoulos said in a Bloomberg Television interview on Tuesday. “We see […]
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Companies

Jamie Dimon Thinks Fintechs Like Plaid Have an Unfair Advantage. Now, JPMorgan Is Doing Something About It

“There are very few chief executive officers that the market pays attention to more than Jamie Dimon, the esteemed leader of JPMorgan Chase, the largest U.S. bank by assets. So, as Dimon has intensified his calls on the growing competition from rival fintech companies, and at times what he calls their “unfair” advantages, investors may have […]
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Companies

JPMorgan Chase Acquires Payments Fintech Renovite to Help it Battle Stripe and Block

“JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block , CNBC has learned. The bank, a major player in the global payments arena, said that acquiring Fremont, California based Renovite will speed up its ability to roll out new offerings to merchants.   While JPMorgan is the world’s biggest provider of […]
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Companies

Instacart and Chase Launch New Instacart Mastercard® Credit Card Unlocking New Rewards and Unlimited Earnings from Hundreds of Retailers

“Instacart, the leading grocery technology company in North America, and Chase, the largest co-brand card issuer in the U.S., today launched the new Instacart Mastercard credit card, with Mastercard as the exclusive payments network. With this first-ever credit card from Instacart, cardmembers can earn unlimited cash back with a range of redemption options, along with […]
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Companies

How JPMorgan Chase is Using Payments Data to Woo Merchants From Fintechs

“To help merchants improve their marketing, pricing and staffing strategies in a tightening economy, Chase this week began sharing deep insights about shoppers’ habits gleaned from two streams: its U.S. massive consumer card-spending database and huge national card-processing operations. The new resource, called Chase Customer Insights, rolled out this week after months of testing to […]
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Companies

JP Morgan in Singapore MAS Tokenization Pilot for DeFi on Public Blockchain

“Today the Monetary Authority of Singapore (MAS) announced Project Guardian, a digital assets pilot using tokenization on public blockchains. The project involves regulated financial institutions acting as ‘trust anchors’ with an initial pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds. Tokenized bonds and deposits will be used in a permissioned liquidity pool for DeFi transactions involving […]
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