JP Morgan, Mastercard Launch Pay-By-Bank Solution In The US; Verizon To Pilot Program In The Coming Months
Portfolio Pulse from Nabaparna Bhattacharya
JP Morgan Chase & Co. and Mastercard Incorporated have launched their Pay-by-bank solution in the U.S. for billers for recurring payments. Verizon Communications Inc. plans to pilot the program in the coming months. The launch follows a successful first development stage of the partnership, which began in November 2022.
October 20, 2023 | 4:25 pm
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NEGATIVE IMPACT
JP Morgan has launched its Pay-by-bank solution in partnership with Mastercard. The stock is currently trading lower by 1.28%.
The launch of the Pay-by-bank solution could potentially increase JP Morgan's revenue in the long term. However, the stock is currently trading lower, which may be due to other market factors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Mastercard has partnered with JP Morgan to launch the Pay-by-bank solution in the U.S.
The partnership with JP Morgan for the Pay-by-bank solution could potentially increase Mastercard's revenue. However, the impact on the stock price is not clear from the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Verizon Communications plans to pilot the Pay-by-bank solution launched by JP Morgan and Mastercard in the coming months.
Verizon's plan to pilot the Pay-by-bank solution could potentially improve its payment efficiency. However, the impact on the stock price is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70