JP Morgan joins banks with real-time payments, challenging ventures like PayPal

JP Morgan joins banks with real-time payments, challenging ventures like PayPal

A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar

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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