Апреля 24, 2018

Amazon talking to banks about checking account-like product

06 Марта 2018, 01:46 | Gordon Grant

Amazon looks to offer checking accounts for customers via JP Morgan, other banks: WSJ

Are You Ready for an Amazon-Branded Checking Account?

While the talks still aren't aimed at Amazon becoming a bonafide bank, they are geared towards offering a financial product to younger customers who may not have access to a bank account, the paper reported citing people familiar with the matter. Amazon was not immediately available for comment.

The Wall Street Journal said any potential collaboration is "in its early stages and may not come to fruition".

Shares of Amazon AMZN surged more than 1.2% in late-morning trading Monday after new reports linked the company to the financial industry, suggesting that the e-commerce behemoth's plans to launch new account services might include a major partnership. The story was also scant on details about what exactly Amazon might offer beyond checking accounts.

"Last fall, [Amazon] put out a request for proposals from several banks for a hybrid-type checking account and is weighing pitches from firms including JPMorgan and Capital One Financial Corp., some of the people said".

Читайте также: Diabetes 'is FIVE different diseases' not two, doctors discover

It's no secret Amazon wants to keep shoppers on their platform. It's a miracle you're not reading this on an Amazon-designed smartphone.

Amazon has already ventured into other business areas including shipping and medical care.

That JPMorgan Chase & Co.is seemingly among the first banks Amazon has approached about the project is most likely no coincidence. It's completely possible that the company will shy away from the effort and nothing will happen, reports The Wall Street Journal. It looks like this is a very limited move and they're partnering with JPMorgan. Scandal ridden Wells Farg is still one of Berkshire Hathaway's top holdings.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Other News

Trending Now

BJP used money, muscle power to win Tripura, says Yechury
The BJP, which drew a blank in the last elections, got two seats. "They succeeded as a result", Yechury said. Acharya has invited the three-time chief minister to form a government.

Liverpool 2-0 Newcastle
No player within the big five European leagues has scored in more competitive club games than Mo Salah (26 games) this season. Salah has had a stunning first season at Liverpool since arriving from Serie A giants Roma last summer.

Georgia Republicans nix Delta tax break after airline snubs NRA
The proposal, estimated to be worth at least $38 million to Delta and other airlines, had until then been largely uncontroversial. Cagle wrote: "We can not continue to allow large companies to treat conservatives differently than other customers".

Kylie Jenner gives us another glimpse of 'angel baby' Stormi
And after months of speculation the buxom beauty was expecting her first child, Kylie announced she had given birth last month. In a series of shaky Instagram moments, Kylie proudly boasted "one month" as she focused in on her toned tummy and shape.

Avengers: Infinity War release date moves up a week
Limiting of overseas spoilers, which has been an issue with a lot of the Marvel Studios product that hits the global markets first.

M*A*S*H actor David Ogden Stiers dies at age 75
So it was always poignant when an emotional crack opened in his self-satisfied mien. But Stiers' character, while arrogant, showed an empathy and wit that Burns lacked.

Japan suspects another N. Korean tanker breaching sanctions at sea
Kim Dae-jung had visited the North when he was President in an effort to bolster peace and tranquility on the Korean peninsula. Doctors said he had obtained a "severe neurological injury" of unknown cause while in North Korean custody.

Slovakia journalist murder: 7 suspects released
Scotland Yard, the FBI, Czech and Italian police and Europol are helping Slovakian authorities investigate the killings. He has also regularly attacked journalists in the past, calling them "dirty, anti-Slovak whores" and "slimy snakes".

John Kelly jokes chief of staff job is God's punishment
The following day, Kelly said, Porter's other wife alleged further allegations of abuse. "I talked to Rob and just, he resigned". The lengthy delay was highly unusual, and White House veterans have said it should have raised warning signs of a problem.

This Diablo 3 on Nintendo Switch teaser is ideal
As you may have guessed, this lead many to believe it's a tease for a Switch port of Diablo 3 , given the Diablo light and all. But with the Switch selling like it is, and thinking about how good Diablo III would be on the go, it makes a lot of sense.