Close Menu
Voxa News

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Football transfer rumours: Liverpool’s Harvey Elliott on his way to Leipzig? | Transfer window

    August 6, 2025

    Balkan bounty: the little-known corner of Greece now ripe for walkers and nature tourism | Greece holidays

    August 6, 2025

    Japan’s Hiroshima marks 80 years since US atomic bombing | Nuclear Weapons News

    August 6, 2025
    Facebook X (Twitter) Instagram
    Voxa News
    Trending
    • Football transfer rumours: Liverpool’s Harvey Elliott on his way to Leipzig? | Transfer window
    • Balkan bounty: the little-known corner of Greece now ripe for walkers and nature tourism | Greece holidays
    • Japan’s Hiroshima marks 80 years since US atomic bombing | Nuclear Weapons News
    • Rachel Reeves must raise taxes to cover £41bn gap, says think tank
    • For the first time, OpenAI models are available on AWS
    • Wednesday season two review – Jenna Ortega’s charisma could power 1,000 hearses | Jenna Ortega
    • Skall Studio Copenhagen Spring 2026 Collection
    • As influencers spread ‘toxic’ claims, what is the truth about sunscreen? | Science
    Wednesday, August 6
    • Home
    • Business
    • Health
    • Lifestyle
    • Politics
    • Science
    • Sports
    • Travel
    • World
    • Entertainment
    • Technology
    Voxa News
    Home»Technology»Block leads fintech rebound, analysts downplay JPMorgan data fee risk
    Technology

    Block leads fintech rebound, analysts downplay JPMorgan data fee risk

    By Olivia CarterJuly 15, 2025No Comments2 Mins Read0 Views
    Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
    Block leads fintech rebound, analysts downplay JPMorgan data fee risk
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.

    Handout | Via Reuters

    Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.

    The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.

    In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”

    In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.

    Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.

    Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.

    Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.

    PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.

    While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.

    WATCH: Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

    analysts block Data downplay fee Fintech JPMorgan leads rebound risk
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olivia Carter
    • Website

    Olivia Carter is a staff writer at Verda Post, covering human interest stories, lifestyle features, and community news. Her storytelling captures the voices and issues that shape everyday life.

    Related Posts

    For the first time, OpenAI models are available on AWS

    August 6, 2025

    UN official says Israel expanding Gaza operations would risk ‘catastrophic consequences’

    August 6, 2025

    Police Report: Edward ‘Big Balls’ Coristine Assaulted in Alleged Carjacking

    August 6, 2025

    U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

    August 6, 2025

    Social media battles and barbs on both sides of Atlantic over UK Online Safety Act | Internet safety

    August 6, 2025

    WhatsApp deletes over 6.8m accounts linked to scams, Meta says

    August 6, 2025
    Leave A Reply Cancel Reply

    Medium Rectangle Ad
    Top Posts

    27 NFL draft picks remain unsigned, including 26 second-rounders and Bengals’ Shemar Stewart

    July 17, 20251 Views

    Eight healthy babies born after IVF using DNA from three people | Science

    July 17, 20251 Views

    Massive Attack announce alliance of musicians speaking out over Gaza | Kneecap

    July 17, 20251 Views
    Don't Miss

    Football transfer rumours: Liverpool’s Harvey Elliott on his way to Leipzig? | Transfer window

    August 6, 2025

    It has been one of the great conundrums of this window, leaving people pontificating over…

    Balkan bounty: the little-known corner of Greece now ripe for walkers and nature tourism | Greece holidays

    August 6, 2025

    Japan’s Hiroshima marks 80 years since US atomic bombing | Nuclear Weapons News

    August 6, 2025

    Rachel Reeves must raise taxes to cover £41bn gap, says think tank

    August 6, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Medium Rectangle Ad
    Most Popular

    27 NFL draft picks remain unsigned, including 26 second-rounders and Bengals’ Shemar Stewart

    July 17, 20251 Views

    Eight healthy babies born after IVF using DNA from three people | Science

    July 17, 20251 Views

    Massive Attack announce alliance of musicians speaking out over Gaza | Kneecap

    July 17, 20251 Views
    Our Picks

    As a carer, I’m not special – but sometimes I need to be reminded how important my role is | Natasha Sholl

    June 27, 2025

    Anna Wintour steps back as US Vogue’s editor-in-chief

    June 27, 2025

    Elon Musk reportedly fired a key Tesla executive following another month of flagging sales

    June 27, 2025
    Recent Posts
    • Football transfer rumours: Liverpool’s Harvey Elliott on his way to Leipzig? | Transfer window
    • Balkan bounty: the little-known corner of Greece now ripe for walkers and nature tourism | Greece holidays
    • Japan’s Hiroshima marks 80 years since US atomic bombing | Nuclear Weapons News
    • Rachel Reeves must raise taxes to cover £41bn gap, says think tank
    • For the first time, OpenAI models are available on AWS
    • About Us
    • Disclaimer
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    2025 Voxa News. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.