Capital One has taken a stake in ClearXchange, the US bank-backed clearing house for person-to-person online payments transfer via mobile or e-mail.
ParFX, the spot forex electronic trading platform set up by Tradition last year, has added Citi and JP Morgan to its founder bank community.
J.P. Morgan Retirement Plan Services has developed a unique data visualization tool that gives sponsors and advisors a vastly improved view into the saving and investing behaviors of 401(k) plan participants.
Wells Fargo and JPMorgan have highlighted the contrasting views in US banking circles over the future viability of bitcoin, with the former willing to engage and the latter airily dismissing the digital currency as a passing fad.
Bank of America says its branch banking network could drop below 5000 next year as mobile channels continue to take market share.
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.
© Finextra Research 2015