Even it competes with its own credit card.
An ACH payment based on open banking
Reduces risk of stored banking account info.
Chase sees innovation as a must-to-have.
Instead of leaving space for new attackers.
In September, Financial Times reported - both consumer and corporate divisions had to be herded by the CEO to pull off this initiative together.
It is interesting that MasterCard is a partner for this product. The card network works hard to stay relevant with new schemes.