Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
This week, news about JP Morgan’s Chase, Visa, and more!
Finn accounts, aimed at millennials, will be moved to the Chase mobile app.
The U.S. purchase volume of credit, debit and prepaid cards increased 7 percent in 2016 compared with last year, according to The Nilson Report. That purchase volume hit $5.648 trillion last year, with the volume from American Express, Discover, Mastercard, and Visa credit cards increasing 8 percent year over over to reach a combined $3.059 trillion—the first time that figure has topped $3 trillion.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Apple may have lined up the chief executives of Bank of America and JP Morgan Chase to laud the launch of Apple Pay, but reaction from the wider industry was more muted – disappointed, even.
Mobility has risen to such a level of importance that many people believe it deserves its own C-level position to advance and align mobility strategy throughout the enterprise. In no other industry is this more pressing than in banking where financial institutions are increasingly using mobile apps to set themselves apart from their rivals.