Amazon and JPMorgan Chase control three of five payment network parties
David Rosenthal · Visa (Audio) · Acquired · Nov 27, 2023 · at 2:38:48
Acquired co-host David Rosenthal discusses how large co-branded credit card partnerships capture value across the payment ecosystem to fund generous consumer rewards.
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“JPMorgan Chase is the merchant bank and JPMorgan Chase is one of the largest issuing banks for cards in the world, and so the Amazon Chase credit card that I have and I do all my shopping on Amazon with and all my shopping at Whole Foods with is able to give me five percent cash back rewards. So Amazon or JPMorgan, and in this case the two of them working together, represent three of the five parties in this transaction.”
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