JPMorgan Chase says it plans to pull out of the pre-paid card business just a month after the bank confirmed that hackers had broken into its servers and put the personal information of around 465,000 cardholders at risk.
JPMorgan has acquired an equity stake in exchange group Chi-X Global.
JPMorgan Chase is looking for an innovation lead within its new Digital Customer Experience (DCE) unit.
In the wake of a data breach at JPMorgan Chase, the US state of Connecticut has decided to suspend its debit card programme for paying out tax refunds, resorting to paper cheques.
Wells Fargo is to allow customers to load their credit cards on to the telco-backed Isis mobile wallet in the first phase of a pilot test of the technology, which enables consumers to use their handsets to pay, redeem coupons and present loyalty credentials at the point-of-sale.
JPMorgan Chase says hackers have compromised its network, putting the personal information of around 465,000 pre-paid cardholders at risk.
On the day it was fined EUR725 million by the EU for rate rigging, Deutsche Bank has confirmed that it has banned traders from using chat rooms, which have proved a fruitful hunting ground for regulators sniffing out market manipulation.
Barclays, The Royal Bank of Scotland and Citigroup have banned traders from using chat rooms in the wake of a series of scandals over manipulation of bank interest rates, according to the Financial Times.
JPMorgan Chase posted the biggest loyalty gains in 2013 among US national banks thanks to selective investments in mobile technology and more effective marketing, according to research by consultancy house Bain.
The day after JPMorgan got a pasting on Twitter over it's ill-conceived Tweet chat with vice chairman Jimmy Lee, the CEO of the UK's Nationwide has entered the fray, live-tweeting the bank's half-year results and taking questions from journalists.
© Finextra Research 2014