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Big Banks Are Coming After PayPal and Apple With Digital Wallet

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The big banks are once again playing catch-up with their fintech peers. Their latest effort could achieve some success.



Bank of America


(ticker: BAC),


JPMorgan Chase


(JPM),


Wells Fargo


(WFC), and four other banks are creating a digital wallet for customers to use when shopping online that will allow them to avoid typing in their debit and credit card information, according to a Wall Street Journal report Monday.

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