Bank of America, JPMorgan Chase and Wells Fargo have gotten together to challenge PayPal for online payment program superiority, reports the Associated Press. Bank of America, JP Morgan Chase and Wells Fargo now are offering clearXchange as a more affordable, simpler alternative to mobile payment businesses like PayPal. The banks imagine clearXchange replacing old-fashioned bank money transfers completely. Do not worry; you'll still be able to get a payday loan.
Fees from both PayPal and prepaid debit cost more
A lot of fees are given to customers from banks. Still, Wells Fargo, Chase bank and Bank of America are still all suggesting that rather than using expensive things such as eBay's PayPal and prepaid debit cards; they should use the Charlotte, N.C. clearXchange. Only consumers of the three banks will be able to use the person-to-person clearXchange at first, but that will change if the mobile payment service spreads.
JPMorgan's Director of Mobile, eCommerce and Payments Jack Stephenson told the Associated Press that clearXchange couldn't be simpler.
"Customers will be able to send and receive money even more quickly and easily," he said, "with full confidence their funds are in a bank account without worrying about cash, checks or higher-cost services."
The money in PayPal
In the first quarter of 2011, PayPal processed $27.4 billion in payments with its 100 million active users that currently using it, reports eBay, which is a 28 percent increase from last year. The revenue at PayPal hit $992.3 million. Now, eBay is sure that PayPal will annually make more money than its parent company.
It is 'An innovative game-changer'
Wells Fargo Executive V.P. Mike Kennedy told Business Wire that clearXchange's simplicity will change the mobile payments game.
"This is an innovative game-changer in electronic payments," he said. "We want our customers to be able to easily send money to anyone without having to establish a new account outside their primary bank. All our customers need to know is the email address or mobile number of a friend or family member and (clearXchange) takes care of the rest."
Fees from both PayPal and prepaid debit cost more
A lot of fees are given to customers from banks. Still, Wells Fargo, Chase bank and Bank of America are still all suggesting that rather than using expensive things such as eBay's PayPal and prepaid debit cards; they should use the Charlotte, N.C. clearXchange. Only consumers of the three banks will be able to use the person-to-person clearXchange at first, but that will change if the mobile payment service spreads.
JPMorgan's Director of Mobile, eCommerce and Payments Jack Stephenson told the Associated Press that clearXchange couldn't be simpler.
"Customers will be able to send and receive money even more quickly and easily," he said, "with full confidence their funds are in a bank account without worrying about cash, checks or higher-cost services."
The money in PayPal
In the first quarter of 2011, PayPal processed $27.4 billion in payments with its 100 million active users that currently using it, reports eBay, which is a 28 percent increase from last year. The revenue at PayPal hit $992.3 million. Now, eBay is sure that PayPal will annually make more money than its parent company.
It is 'An innovative game-changer'
Wells Fargo Executive V.P. Mike Kennedy told Business Wire that clearXchange's simplicity will change the mobile payments game.
"This is an innovative game-changer in electronic payments," he said. "We want our customers to be able to easily send money to anyone without having to establish a new account outside their primary bank. All our customers need to know is the email address or mobile number of a friend or family member and (clearXchange) takes care of the rest."
About the Author:
How often have you expected additional information on types of payday loans and resorted to a web site search on bad credit personal loans?" Your search is over, all of the details you'll need is at MatchFinancial.
0 commentaires:
Enregistrer un commentaire