Posts Tagged ‘Chase’
As Fintechs Like Square and Stripe Threaten Bank Revenue, Banks Turn to Competitors for Help
It’s obvious to many observers that the rising competition from fintech companies including the likes of payment facilitators Square and Stripe is having an impact on banks.
Read MoreWePay Flexes Integration with Bank Parent, Offers Free Faster Payments
Payments platform and payment facilitator WePay, which was acquired by Chase in 2017, announced this week that it is offering its merchant customers free same-day deposits to Chase bank accounts.
Read MoreJP Morgan Chase Funds Software Provider FreshBooks, Deepening Integrated Payments Investment
Merchant services giant JP Morgan Chase is again placing its bets on integrated payments, this time with a strategic investment in accounting software provider FreshBooks.
Read MoreJPMorgan Chase Buying Another PF, Beefing up Healthcare Payments Capability with InstaMed Acquisition
Last week, JPMorgan Chase announced its plans to acquire InstaMed, a technology and payments platform focused on the U.S. healthcare industry.
Read MoreBigCommerce to Offer Chase Pay, Speed Merchant Onboarding with WePay
When banking giant Chase acquired WePay last year, the companies said that WePay would continue operating autonomously, bringing its technological expertise as well as its “DNA” to the relationship. This week’s news from BigCommerce appears to bear that out for now.
Read MorePFs Attract Investment Dollars with Faster Onboarding, Better Client Experience
An analysis released by Accenture last week indicates that 2017 was a record year for global investment in financial technology, which rose 18 percent to a total of US$27.4 billion. In the U.S., the firm said, most of the investment went to lending and payments startups – collectively accounting for 60 percent of the country’s total.
Read MoreWePay and Chase Partnership; First Data and BluePay Acquisition Finalized and Airbnb Launches Split Payments: News Roundup
WePay officially becomes a Chase company while First Data and Bluepay solidify their partnership as well.
Square empowers growing restaurants and Airbnb simplifies split payments.
Here’s your weekly news roundup!
Read MoreWePay on Chase Acquisition: “The Same, Only Better”
As WePay Chief Strategy Officer Rich Aberman sees it, there are two primary types of acquisition plays in the payments industry.
First, there’s the kind where one payments company buys another payments company and rolls it into an existing business, for the boost in revenue or transaction volume.
Then, there’s what Chase is doing with its plans to buy WePay.
Read MoreMerchant Services Giant Chase to Acquire Leading PF WePay
JPMorgan Chase & Co. plans to acquire payments platform and leading payment facilitator WePay.
Read MoreVisa Puts Signature On Skirmish With Retailers
Visa filed a suit against Walmart June 30, the latest volley in a legal shootout with large retailers over EMV, chip-and-PIN and signature policies. “To me, it’s a clear escalation in the battle, said Rick Oglesby, president of AZ Payments Group and a partner at Double Diamond Group. “It’s never a good thing to be wrapped up in a public dispute with one of your largest and most influential customers, and the networks versus Walmart has been ongoing for many years.”
The suit claims Walmart surreptitiously tested a process in which shoppers were not given the choice to verify their Visa debit card purchases with a signature. It’s the most recent salvo in a battle among Visa and large retailers over the use of either signatures or PINs to verify transactions.
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