Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Chase Pay is spreading fast

Long Ideas

JPMorgan Chase Growing with FinTech

Major retailers prefer Chase Pay because the technology it uses to connect with cash registers QR (quick read) scanning maybe more secure than Apple Pay’s NFC (near-field communications). Chase Pay also limits retailers’ liability because the transaction takes place in Chase’s system rather than the retailer’s. Apple Pay directly accesses the store’s systems, which is one reason why companies like Walmart are so leery of it.

Read More