The newspaper reported Monday that the Seattle-based company is working on a product that would appeal to younger customers and those without bank accounts. Among the companies Amazon officials are speaking with is JP Morgan Chase & Co., according to the newspaper.
People familiar with the matter, who were not identified, told The Wall Street Journal that the effort is still in its early stages and may not come to fruition.
Whatever its final form, the initiative wouldn't involve Amazon becoming a bank, the people added.
The Cox Media Group National Content Desk contributed to this report.
In Other News
1
Silfex offers Springfield business leaders look at high-tech work
2
Kettering Health moving on after year of controversy to focus on staff...
3
Diamond Daiquiris offers ‘a little southern comfort’ in Miamisburg
4
Premier Health hopeful for financial recovery after decade of negative...
5
Hydraulic Bar at Spooky Nook opens: ‘It’s a very eclectic bar’
About the Author