Amazon, JPMorgan Team Up to Introduce Branded Checking ‎Accounts

[kreslik.news]

E-commerce giant Amazon.com is reportedly in early talks to team up with ‎JPMorgan Chase and other U.S. banks in a bid to launch its own checking-‎account-like product. Amazon hopes the new initiative particularly appeal to ‎millennials and customers without bank accounts, The Wall Street Journal ‎reports.‎

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Interestingly, the idea of a new checking account comes a few days after a survey showed that more than half of Amazon shoppers would embrace using an Amazon-created cryptocurrency on the site.

The new product, which is essentially adding banking to the roster of ... (read more)