JPMorgan Joins Banks With Real-Time Payments Akin to PayPal

Updated on
  • BofA, U.S. Bancorp has been offering same service since March
  • BofA’s Mary Harman says more banks to join in next few months

JPMorgan Chase & Co. has joined U.S. rivals including Bank of America Corp. and U.S. Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc.’s Venmo.

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