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Interesting. If that's truly the case, I'd try and shop this to a bank (Chase?) that could help clear those hurdles and let them run like a startup still.
by callmeed 15y ago
Interesting. If that's truly the case, I'd try and shop this to a bank (Chase?) that could help clear those hurdles and let them run like a startup still.
- thinkcomp 15y agoNever going to happen. Chase just launched its first person-to-person payment platform. It's terrible. Despite being for Chase customers only, it's not even real-time. How long did it take them to build it post-PayPal you might ask? Twelve years.
- pjg 15y agoGoogle "c2it" it was a P2P competitor launched by Citibank circa 2000 to take on Paypal. Never went anywhere. So I generally agree that Chase's attempt (combined with Wells and BoA - which I believe are other two banks in the consortium called ClearXexchange ) is unlikely to succeed unless they have some "out of the box approach"