The digital payments initiative clearXchange is run by three banks that make up more than 50% of the online banking market in the U.S., but it still has a lot of work cut out for it. "It's a great ...

ClearXchange has access to a majority of the market's online banking accounts as it takes on Venmo, but there's one thing it may not have. "If you look at Venmo, it's as much a verb as it is a ...

The expanded clearXchange service will be available through the company’s owners—Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co., Capital One Financial Corp., and new owner U.S. Bancorp ...

Two competitors that could give PayPal a run for its money is a new peer to peer (P2P) payment service, ClearXchange, and Apple 's (NASDAQ: AAPL) own mobile payment service Apple Pay.

Citigroup Inc. C 3.06%increase; green up pointing triangle is set to join its fellow big banks in building a peer-to-peer payments app in the hope of fending off fintech upstarts like Venmo.

Indeed, clearXchange has some hard work ahead if it’s going to catch up with either PayPal or Fiserv. PayPal has signed “hundreds of banks” globally to its Send Money for Financial Institutions ...

A hoarse voice kept J.P. Morgan Chase & Co. chief James Dimon silent for most of the bank's earnings call Thursday. But it didn’t stop him from speaking up to defend the bank's financial ...

Early Warning is owned by Bank of America, BB&T, Capital One, JPMorgan Chase, PNC, U.S. Bank, and Wells Fargo. Early Warning provides risk management solutions to a diverse network of 2,300 ...

A hoarse voice kept J.P. Morgan Chase & Co. chief James Dimon silent for most of the bank’s earnings call Thursday. But it didn’t stop him from speaking up to defend the bank’s financial ...

Two competitors that could give PayPal a run for its money is a new peer to peer (P2P) payment service, ClearXchange, and Apple 's (AAPL 0.21%) own mobile payment service Apple Pay.

ClearXchange is an attempt by the banks to retain fee-weary customers who have embraced alternatives such as prepaid debit cards and eBay Inc.'s PayPal service.

For clearXchange to be successful, it needs to reach a critical mass of participants so that depositors will be able to transfer funds among most of their friends, relatives and colleagues.