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Four Largest U.S. Banks Mull Funds Transfers Via Email

  • Reuters, Wednesday, September 12, 2012 5:25 PM

JPMorgan Chase & Co, Bank of America Corp, Wells Fargo & Co and Citigroup are in talks to link up their digital payment systems in order to enable customers to transfer money to other customers of these banks via email. The network would combine the customers of clearXchange and Popmoney, both of which compete with PayPal.

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