JPMorgan Chase wishes to disrupt the hire check with its payments platform for landlords and tenants

Vital Points

JPMorgan is piloting a platform it designed for house owners and administrators that automates the invoicing and receipt of on line hire payments, in accordance to Sam Yen, chief innovation officer of JPMorgan’s professional banking division.
“The wide vast majority of hire payments are still done by checks,” Yen reported. “If you speak to people to this working day, they normally say ‘The only rationale I have a checkbook however is to pay out my hire.'”
The bank hopes to obtain traction by featuring buyers useful insights by means of data and analytics, which include how to set lease ranges, wherever to make foreseeable future investments and even screening tenants, according to Yen.

Resource

Finance

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

July 11, 2025

Key Points Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building. “This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC. The accusations represent another front on Trump’s ongoing campaign against Powell. Source

Finance

Stocks making the biggest moves premarket: Coinbase, Levi Strauss, AMC and more

July 11, 2025

Check out the companies making headlines before the bell. Levi Strauss — The denim apparel stock rose 7% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also […]

Finance

Why 22 million people may see ‘sharp’ increase in health insurance premiums in 2026

July 11, 2025

Key Points The so-called “big beautiful bill” that President Donald Trump signed on July 4 cut taxes for many households. However, the law didn’t extend an enhanced premium tax credit that has lowered health insurance premiums for millions of Affordable Care Act enrollees in recent years. The tax break is slated to end after 2025, […]