Big banks’ earnings have shown the great financial services digital shift continues. J.P. Morgan, Bank of America, Citi and Wells last week provided variations on several themes: A mild recession seems a real possibility this year. The specter of credit losses requires prudence and a...
Macro level data suggests inflation is cooling, and bank earnings suggest consumer spending is resilient. In tandem with the investor sentiment that interest rate hikes may be slowing or the Fed might pause altogether, the CE 100 Index surged 6.3%. That positive performance outpaced the...
In this month’s “Real-Time Payments Tracker®,” Rupa Krishnan, head of global real-time payments at J.P. Morgan Chase & Co., reflects on the RTP® network’s five-year anniversary and looks ahead to possible new use cases, including why it is poised to disrupt cross-border payments.
J.P. Morgan Payments will acquire a 48.5% stake in Greek payments firm Viva Wallet. The $800 million deal is expected to be announced early next week, Reuters reported Saturday (Dec. 17), citing unnamed sources. PYMNTS has reached out to both companies for comment. News that...
January 16, 2023
Macro level data suggests inflation is cooling, and bank earnings suggest consumer spending is resilient. In tandem with the investor sentiment that interest rate hikes may be slowing or the Fed might pause altogether, the CE 100 Index surged 6.3%. That positive performance outpaced the broader markets, where the tech-heavy Nasdaq trailed with a 4.5% […]
December 08, 2022
In the new connected economy, FinTechs and banks have new ways to serve clients. Sorting out the successes and learnings of the pandemic’s digital shift will provide fodder for MBA...
July 14, 2021
It’s been a big year for direct-to-consumer (D2C) plays by big brands. Coke, Pepsi, Nike, Heinz and Mars are just some of the brands that consumers are used to seeing on store...
July 06, 2017
Crossing borders and oceans in search of the rewards of eCommerce? More U.S. firms are likely to do so in search of payments scale and potential. The Vantiv deal for Worldpay is...
March 05, 2024
The Federal Reserve and other American regulators could reportedly unveil new banking regulations this spring. That’s according to the New York Times (NYT) report Tuesday (March 5) on the response to last year’s banking crisis. A source told the news outlet that at least some policymakers want to have a proposal released before a regulatory conference in […]
December 18, 2022
J.P. Morgan Payments will acquire a 48.5% stake in Greek payments firm Viva Wallet. The $800 million deal is expected to be announced early next week, Reuters reported Saturday (Dec....
November 01, 2022
Auto finance platform Lendbuzz has secured a $150 million credit facility from J.P. Morgan and will use it to help expand the number of borrowers it serves. This is the...
October 18, 2022
Comprehensive payments platform Tilia was backed by J.P. Morgan for an unspecified amount to further develop its payment processing solutions for in-game transactions and virtual economies. Tilia converts in-world tokens...
