Looks like there COULD be a new opportunity to make some fee free miles, if this new venture will take CC payments and if there's an introductory promo. I guess we'll know later today, unless someone already knows?
NEW YORK (CNNMoney) -- Three major banks have formed a joint streamlined transfer system in an attempt to rival PayPal.
Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) announced Wednesday that they will launch a system, called clearXchange, allowing customers to transfer money electronically through the use of mobile phone numbers or email addresses.