HEADLINE NEWS
JPMorgan Chase
The largest issuer of contactless cards in the U.S. with 30 million deployed since 2005, JPMorgan Chase hasn’t held an NFC trial in a while. Its last public trial with the technology ended in 2006. Chase would likely be more interested in NFC if there were phones supporting the technology on the market. But it risks falling behind its competitors, especially Citi, whose global reach has helped it to continue to pilot NFC.
Chase has been considering issuing passive contactless stickers customers can attach to the back of their phones. The stickers would come embedded with a chip packing the same "blink" contactless application the bank puts on cards. Chase conducted an internal trial of the stickers during the summer of 2009, sources have said.
And like the other banks making up the big four in the U.S.– Bank of America, Citi and Wells Fargo–Chase continues to develop network-based mobile-banking applications and some m-couponing.
| Financial Results |
2009 | 2008 | Change |
| Card Services–Revenue | 20,304 | 16,474 | 23% |
| Card Services–Net Income (loss) | (2,225) | 780 | --- |
| Total Revenue | 100,434 | 67,252 | 49% |
| Total Net Income (loss) | 11,728 | 5,605 | 109% |
| In millions of US$ | |||
Citigroup, Bank of America, Wells Fargo
Facebook
Twitter
LinkedInSyndicate
