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JPMorgan Chase hires PayPal's Stephenson to expand mobile and Net payment services

14 June 2010  |  11423 views  |  0 Fingers on smartphone keypad

JPMorgan Chase has hired PayPal veteran Jack Stephenson as director of mobile, e-commerce and payments.

Stephenson - previously SVP, strategy, partnerships, analytics and new ventures at PayPal - will lead the bank's company-wide strategy for mobile devices and Internet payments.

Chase already serves 28 million consumers online and nearly 3.3 million mobile banking customers - a number it claims is growing by more than 600,000 each month.

Jay Mandelbaum, head, strategy and development, JPMorgan Chase, says: "We know how important technology has become in serving our customers well, and Jack has the experience, expertise and vision to help us do even more for them."

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