Chase

Chase to offer mobile deposit services via partnership with Mitek

Chase entered into a strategic agreement with Mitek Systems, Inc., a developer of advanced-image analytics and mobile-document-capture applications, to develop a suite of innovative image-capture solutions across multiple smartphone operating systems.
As a part of the agreement Chase will implement Mitek’s mobile-banking and advanced image-capture and analytics products across a variety of smartphone operating systems. QuickDeposit allows customers to deposit checks anytime and anywhere with a click of their mobile phone camera.
Chase entered into a strategic agreement with Mitek Systems, Inc., a developer of advanced-image analytics and mobile-document-capture applications, to develop a suite of innovative image-capture solutions across multiple smartphone operating systems. As a part of the agreement Chase will implement Mitek’s mobile-banking and advanced image-capture and analytics products across a variety of smartphone operating systems. QuickDeposit allows customers to deposit checks anytime and anywhere with a click of their mobile phone camera.

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Chase and British Airways eliminate fee on international purchases on Visa card

Chase Card Services, a division of JPMorgan Chase & Co., has partnered with British Airways to launch a new benefits program for international travelers. Beginning this month customers will pay no foreign transaction fee on international purchases via the British Airways Visa Signature® Card from Chase.
Chase Card Services, a division of JPMorgan Chase & Co., has partnered with British Airways to launch a new benefits program for international travelers. Beginning this month customers will pay no foreign transaction fee on international purchases via the British Airways Visa Signature® Card from Chase.

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PayPal follows Citibank, BoA and Chase by offering check deposits via iPhones

According to TechCrunch Apple has launched a new app update for iOS allowing PayPal users check their deposits via their iPhones. The only thing users should do is to take picture of the check (front and back) by iPhone camera and deposit check in their PayPal accounts.
Actually this technology is not a sensation. This feature is widely used by Chase, Bank of America, CitiBank. The only exiting thing is that it is offered not by a traditional institution, but by PayPal through iPhone app. Earlier USAA also used iPhone app for the same service.
According to TechCrunch Apple has launched a new app update for iOS allowing PayPal users check their deposits via their iPhones. The only thing users should do is to take picture of the check (front and back) by iPhone camera and deposit check in their PayPal accounts. Actually this technology is not a sensation. This feature is widely used by Chase, Bank of America, CitiBank. The only exiting thing is that it is offered not by a traditional institution, but by PayPal through iPhone app. Earlier USAA also used iPhone app for the same service.

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Chase upgrades iPhone app and adds QuickPay payment option

Chase, the consumer and commercial banking division of JPMorgan Chase, has upgraded its iPhone application adding remote cheque deposit and person-to-person payment feature.
In order to make a deposit a customer needs to enter first the account details and payment amount and after that add photos of the front and back of the cheque taken with their iPhone or iPod camera.
Besides, Chase has also added P2P QuickPay to the latest version of its free app, enabling payments to be made to anyone as long as the customer has their e-mail address.
Chase, the consumer and commercial banking division of JPMorgan Chase, has upgraded its iPhone application adding remote cheque deposit and person-to-person payment feature. In order to make a deposit a customer needs to enter first the account details and payment amount and after that add photos of the front and back of the cheque taken with their iPhone or iPod camera. Besides, Chase has also added P2P QuickPay to the latest version of its free app, enabling payments to be made to anyone as long as the customer has their e-mail address.

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Chase announces Ink and Ink Capital credit cards for businesses

 Chase added two new credit cards - Ink and Ink Capital - to its Ink portfolio of business cards. The series features additional purchase rewards or an interest-payment refund to customers with Chase business checking accounts. 

“These additional benefits allow us to thank our business customers for expanding their relationship with Chase,” said Kevin Watters, head of Business Banking at Chase.

The two new Ink from Chase cards:
 Chase added two new credit cards - Ink and Ink Capital - to its Ink portfolio of business cards. The series features additional purchase rewards or an interest-payment refund to customers with Chase business checking accounts.  “These additional benefits allow us to thank our business customers for expanding their relationship with Chase,” said Kevin Watters, head of Business Banking at Chase. The two new Ink from Chase cards:

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Chase is raising its small business lending

Chase announced today that it plans to increase its lending to small businesses by up to $4 billion in 2010, boosting expected new lending to about $10 billion to this vital segment of the U.S. economy. 
 
 This will provide businesses with increased access to working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards. While the $4 billion in additional credit will be available to qualified businesses with annual sales of less than $20 million, the majority of new loans will be targeted to companies with sales of less than $10 million.
Chase announced today that it plans to increase its lending to small businesses by up to $4 billion in 2010, boosting expected new lending to about $10 billion to this vital segment of the U.S. economy. This will provide businesses with increased access to working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards. While the $4 billion in additional credit will be available to qualified businesses with annual sales of less than $20 million, the majority of new loans will be targeted to companies with sales of less than $10 million.

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FDIC head appeals banks for tighter restrictions on overdraft fees

 In the past week, some of the nation's largest banks unveiled their plans to change the way they assess overdraft fees, in response to Federal Deposit Insurance Corp’s chief’s appeal for tight restrictions on fees charged for overdrawn checking accounts.
 In the past week, some of the nation's largest banks unveiled their plans to change the way they assess overdraft fees, in response to Federal Deposit Insurance Corp’s chief’s appeal for tight restrictions on fees charged for overdrawn checking accounts.

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Chase announces a new business card portfolio

 Chase Card Services has launched a suite of business cards Ink that was developed specifically for small businesses. This business card portfolio includes four distinct cards "to deliver on the unique needs of small business owners and marks Chase’s introduction of a pay-in-full charge card – a first from issuers of Visa or MasterCard."
 Chase Card Services has launched a suite of business cards Ink that was developed specifically for small businesses. This business card portfolio includes four distinct cards "to deliver on the unique needs of small business owners and marks Chase’s introduction of a pay-in-full charge card – a first from issuers of Visa or MasterCard."

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Discover Financial and American Express cease over-limit fees charging?

American Banker reported Monday, Discover Financial and American Express want to eliminate charging fees when consumers spend past their credit card limits. That is a move, coming six months before a new law clamps down on such kind of fees.Under the new law, issuers are not required to remove over-limit fees, but they will be forbidden to impose these charges unless consumers say they want the ability to exceed their credit line.
American Banker reported Monday, Discover Financial and American Express want to eliminate charging fees when consumers spend past their credit card limits. That is a move, coming six months before a new law clamps down on such kind of fees.Under the new law, issuers are not required to remove over-limit fees, but they will be forbidden to impose these charges unless consumers say they want the ability to exceed their credit line.

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Chase teams with Unite to present three new Visa cards

Launch of three new premium Visa credit cards, United Mileage Plus Club Visa Card, The United Mileage Plus Access Visa Card and The United Mileage Plus Select Visa Card, was announced Monday by United and Chase Card Services.The new cards are to enable cardholders to receive exclusive benefits, including Red Carpet Club membership, Economy Plus seating, up to 5,000 or 10,000 miles that count toward elite status, or double and triple miles toward redeeming an award ticket.
Launch of three new premium Visa credit cards, United Mileage Plus Club Visa Card, The United Mileage Plus Access Visa Card and The United Mileage Plus Select Visa Card, was announced Monday by United and Chase Card Services.The new cards are to enable cardholders to receive exclusive benefits, including Red Carpet Club membership, Economy Plus seating, up to 5,000 or 10,000 miles that count toward elite status, or double and triple miles toward redeeming an award ticket.

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Credit card fees are increasing, banks blame Congress

Most issuers have raised credit rates or fees for certain borrowers. In the latest round, Bank of America and Chase have raised, or are raising, their maximum balance-transfer fees, from 3% to 4% and 5%, respectively. Chase is also expanding the definition of who could get hit with a penalty interest rate. Meanwhile, InfiBank is establishing a higher minimum APR — the greater of 15.99% or 11.99% plus the prime rate — on many cards. And Capital One and Citigroup continue to increasse card rates for certain borrowers.
Most issuers have raised credit rates or fees for certain borrowers. In the latest round, Bank of America and Chase have raised, or are raising, their maximum balance-transfer fees, from 3% to 4% and 5%, respectively. Chase is also expanding the definition of who could get hit with a penalty interest rate. Meanwhile, InfiBank is establishing a higher minimum APR — the greater of 15.99% or 11.99% plus the prime rate — on many cards. And Capital One and Citigroup continue to increasse card rates for certain borrowers.

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What Americans think about Big Four TARP rescued banks

Research-based solutions to financial institutions and a strategic business unit of Open Solutions, Raddon Financial Group (RFG), has finished the national poll concerning consumer attitudes about the nation's four largest banks received TARP money, Bank of America, Chase, Citibank and Wells Fargo.
Research-based solutions to financial institutions and a strategic business unit of Open Solutions, Raddon Financial Group (RFG), has finished the national poll concerning consumer attitudes about the nation's four largest banks received TARP money, Bank of America, Chase, Citibank and Wells Fargo.

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WaMu is now live under the new name of Chase

Today Chase, Washington’s new bank unveiled its bright blue octagon logo and respected name on 187 bank branches and 255 ATMs in Washington, reaching consumers and businesses formerly served by WaMu.  According to Phyllis Campbell, Chairman of the Pacific Northwest, JPMorgan Chase.statement Chase’s 2,200 branch employees in Washington are focused on helping families manage their money and achieve their financial goals.”
Today Chase, Washington’s new bank unveiled its bright blue octagon logo and respected name on 187 bank branches and 255 ATMs in Washington, reaching consumers and businesses formerly served by WaMu.  According to Phyllis Campbell, Chairman of the Pacific Northwest, JPMorgan Chase.statement Chase’s 2,200 branch employees in Washington are focused on helping families manage their money and achieve their financial goals.”

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USAA catches up on BofA and other big players in mobile banking

A Fortune 500 financial services company offering banking, investing, and insurance to people and families that serve, or served, in the United States military United Services Automobile Association (USAA) last week reported that its mobile banking service though just 10 months old is being consumed by 11.4% of its 7 million members, or about 800,000. This makes USAA a largest mobile banking provider in the country.
A Fortune 500 financial services company offering banking, investing, and insurance to people and families that serve, or served, in the United States military United Services Automobile Association (USAA) last week reported that its mobile banking service though just 10 months old is being consumed by 11.4% of its 7 million members, or about 800,000. This makes USAA a largest mobile banking provider in the country.

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The financial world: online banking reviews, part 1

Online banking is one of the fastest growing Internet activities: nearly half of all Internet users say that they are digital banking customers. Our reviews of online banking behemoths will let you compare internet banks and find the best services available. Online banking can be a lifeline for people who can’t leave the house, or live in rural areas where access to traditional bricks-and-mortar banks can be limited.
Online banking is one of the fastest growing Internet activities: nearly half of all Internet users say that they are digital banking customers. Our reviews of online banking behemoths will let you compare internet banks and find the best services available. Online banking can be a lifeline for people who can’t leave the house, or live in rural areas where access to traditional bricks-and-mortar banks can be limited.

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