JPMorgan launched a partnership with PayPal, bolstering both companies’ digital payment networks.
JPMorgan Chase (NYSE:JPM) and PayPal (NASDAQ:PYPL), two global payments leaders, have announced a partnership that will make it easy to add Chase cards via Chase Pay to PayPal accounts, and will soon offer customers the option of paying with Ultimate Rewards points when linked through Chase Pay at PayPal’s millions of online merchants.
In addition, PayPal will have the ability to process payments on ChaseNet, a unique, closed-loop payment netwo
The most recent round of bank earnings provides a window into the shift to mobile services. Bank of America and JPMorgan both expanded their mobile customer bases by double-digit percentages versus a year ago.