EcommerceBytes-NewsFlash, Number 971 - March 10, 2005 - ISSN 1539-5065
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Reuters news service reported Wednesday that JP Morgan Chase & Co. is considering developing a payment system similar to PayPal.
Reuters uncovered the company's possible plans in an interview with Heidi Miller, the new chief executive of the company's treasury and securities services (T&SS) unit. The article said according to Miller, "the bank has a payments steering committee studying the best way for it to take advantage of changes in the way consumers and businesses make and receive payments."
http://www.reuters.com/newsArticle.jhtml?type=reutersEdge&storyID=7856251
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