Chase Pitches New Plastic

The Wall Street Journal, Wednesday, May 9, 2012

MONEY & INVESTING

Chase Pitches New Plastic, by Andrew R. Johnson and Robin Sidel

“Prepaid Cards Are Part of Banks’ Efforts to Offset New Regulations on Fees”

“J.P. Morgan Chase & Co. said it will start selling prepaid debit cards in its 5,541 branches this summer, accelerating the banking industry’s push to generate revenue with new fee-based consumer products.”

Chase pitches plastic cards hoping to get a home run in revenue whereas ┬ábaseball pitchers pitch balls to batters hoping they don’t get to first base.

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