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Mon. 03/05 - Amazon Checking Accounts

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Mar 5, 2018
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INSIGHT

Amazon Eyes Banklike Product

  • Amazon is exploring a bank-like checking product to cut payment fees and gain spending data.
  • The move would deepen customer loyalty and target unbanked millennials while partnering with big banks like JPMorgan Chase.
INSIGHT

Fees And Data Drive Amazon's Push

  • Offering a checking-style product reduces Amazon's credit-card processing fees and gives richer purchasing data.
  • That data advantage and lower fees make banks worry about Amazon entering financial services.
INSIGHT

Apple Targets Premium Headphones

  • Apple reportedly plans high-end noise-cancelling, wireless over-ear headphones priced around $300–$400.
  • Development challenges could delay the product despite aiming to compete with Bose and Sennheiser.
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