WePay CEO Bill Clerico hinted that JPMorgan's free same-day deposits will likely be followed by additional investment products:
in late 2017 for $400 million. The feature is already available to some clients and will be fully rolled out by the end of the year.Bill Clerico, CEO and cofounder of WePay and head of small business products at Chase Merchant Services, hinted that Chase will be rolling out more products through WePay soon, noting that same-day deposits are"the first step in bringing the results of that investment to the market.
Same-day deposits could increase Chase's customer acquisition and lifetime value among small- and medium-sized business customers: Payment companies have been encroaching on the banking realm — and this feature can help it better thwart off their threat. Major payments tech company Stripe just moved into lending by
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
JP Morgan takes on Stripe and Square with faster payments for merchantsSame-day deposits could give JP Morgan an edge as it faces fintech competitors that have taken the payments world by storm.
Baca lebih lajut »
JPMorgan Chase lowers 2019 outlook for net interest income to $57 billionJPMorgan Chase & Co lowered its outlook for 2019 net interest income by about $5...
Baca lebih lajut »
Couple allegedly spent $120,000 deposited to account in bank mistake, charged with theftThe couple allegedly used the wrongly deposited money to pay off debts, but also used it on lavish items such as a race car and four-wheelers.
Baca lebih lajut »
Amazon has a program for businesses to help them streamline purchasing supplies and manage their spending — here's how it worksAn Amazon Business account is free to create for verified businesses and offers many useful benefits like price discounts and fast delivery options.
Baca lebih lajut »
Demi Sims says Megan Barton-Hanson 'stabbed her in the back'Demi claimed that Megan dumped her the day after Celebs Go Dating filming ended to chase singer-songwriter Chelcee
Baca lebih lajut »