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JPMorgan starts to spend $12 billion war chest with Viva Wallet stake
In a recent earnings call, JPMorgan Chase, the largest lender on Wall Street with $3.76 trillion (in assets), announced it plans to increase its annual technology budget to $12 billion,... read more
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JPMorgan Chase blockchain project IIN gains market traction
JPMorgan Chase says it has conducted successful tests of its blockchain-based payment system, Interbank Information Network (IIN). The project is now able to scale transactions effectively, with more than 100... more
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Worldpay shares jump after news of take over offer
Shares in Worldpay hit new highs after the UK’s largest payments processor received separate preliminary takeover offers from JPMorgan and Vantiv of the US. Worldpay said it had “received preliminary approaches”, but that “there can be no certainty either that an offer will be made nor as to the terms of any offer, if made”. [...]
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