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Mon. 03/05 - Amazon Checking Accounts

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Introduction

The wall street journal reports that amazon is in talks with big bank including j p morgan, chase and capital one to build a checking account like product. The effort is in its early stages, and the request for proposals only went out to banks this past fall. It's unclear if customers would be able to pay bills directly using the service, or if users would have access to the a t m network.

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