JPMC, Bank of America, Wells Fargo, and PNC have all held conversations about buying a debit network from Fiserv. What they want is a way to get around the Durbin Amendment’s cap on debit interchange.
The Durbin Escape Room
https://t.co/JzmoBjOz0E
View original →Jamie Dimon said JPMorgan Chase is “on the lookout” for an acquisition. I've put together a shopping list for Jamie. At the top of the list: Ramp and Betterment.
See the new Fintech Snark Tank post to find out who the other acquisition targets are:
https://t.co/L2pK9R88g7
View original →SoFi launched SoFiUSD, a fully reserved US dollar stablecoin running on Ethereum and Solana. My take: 𝙏𝙝𝙚 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧 𝙖𝙥𝙥 𝙡𝙖𝙪𝙣𝙘𝙝 𝙞𝙨 𝙩𝙝𝙚 𝙙𝙚𝙢𝙤. 𝙂𝙖𝙡𝙞𝙡𝙚𝙤 𝙞𝙨 𝙩𝙝𝙚 𝙥𝙧𝙤𝙙𝙪𝙘𝙩.
New Fintech Snark Tank post:
https://t.co/z7yF2P3Lqj
View original →Chase’s New Advertising Offering Is A Stroke Of Genius
JPMorgan Chase's new Media Solutions unit will enable the bank to get paid twice for purchases, and create an opportunity to get around interchange pricing limitations.
https://t.co/wtsWKnktpi
View original →