Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks.
For a major bank, is it possible to be just as innovative — or even more so — when going fully remote? PaymentsSource executive editor John Adams talks to JPMorgan Chase's Tammy Petro about the unique challenges faced by the bank's wholesale payments business.
Given American Express was reporting a 95% hit to one of its core businesses less than two months ago, announcing access to the world’s largest digital payments market has to be a major sigh of relief — even if there’s still entrenched competitors, an international virus and a cold war to navigate.