Amazon May Create Checking Accounts For Online Shoppers

Wibbitz Top Stories 2018-03-05

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Amazon May Create Checking Accounts For Online Shoppers Amazon is looking to create a solution for online shoppers who don't have bank accounts. According to the Wall Street Journal, the company is looking to partner with either JPMorgan Chase or Capital One Financial to help cut banking and processing fees from credit and debit card transactions. Michael Pachter, managing director at Wedbush Securities, to the Wall Street Journal Michael Pachter, managing director at Wedbush Securities, to the Wall Street Journal Amazon currently offers an Amazon Visa credit and Amazon Prime Visa card through Chase.

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