Amazon in Talks With JPMorgan on Checking Accounts, WSJ Says

Amazon in Talks With JPMorgan on Checking Accounts, WSJ Says

6 years ago
Anonymous $gIi3-PxxKB

https://finance.yahoo.com/news/amazon-talks-jpmorgan-over-checking-130341608.html

might be next ." data-reactid="25">The offering, if it comes to fruition, would be yet another link in Amazon’s extensive web of ways to touch every aspect of people’s lives, from food shopping at Whole Foods, to reading or listening to books, streaming music and videos and its Alexa voice assistant. After upending other retail businesses including groceries and health care, banks have long feared they might be next .

The finance industry has been concerned that major tech companies, not only Amazon but also Facebook Inc. and Apple Inc., might try to sideline banks by handling more of their customers’ electronic payments, offering financing or accepting deposits -- even if those services open them up to more regulation.