Is Chase the Canary in the Prepaid Coal Mine?
- Date:January 14, 2014
- Ben Jackson
- Research Topic(s):
- PAID CONTENT
Chase has chosen to exit several prepaid segments, showing how difficult the business has become.
J.P. Morgan Chase & Co. has recently announced that it will end its payroll and government benefits prepaid businesses. It also recently exited the open-loop gift card business. The moves may be the beginning of a trend of banks reevaluating their prepaid strategies in light of industry changes.
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