Tuesday, August 21, 2018 3:43:58 PM
A least-cost brokerage fee war will start next week:
Shares of Charles Schwab fell 2.1 percent, TD Ameritrade dropped 6.6 percent, and E-Trade declined 3.4 percent.
The move by J.P. Morgan aggravates a cold-blooded price war, with the globe's largest managers fighting for clients with low-cost options.
J.P. Morgan will launch its new service next week. All customers get 100 free stock or ETF trades in the first year. Those with Chase Private Client get unlimited trades. e.o.m.
PYDS provides a least-cost routing fee through the ACH (automatic clearing house). Least cost and/or ZERO fees will draw customers. [IF] PYDS could get a foot-in-the-door with brokerage houses, without getting its head slammed, Payment Data Services (Systems) symbol PYDS would light-up like a Christmas Tree.
Lower costs attract. PYDS... right-place, right-time, flying-under-the-radar.
Least cost Independent Software Vendors (ISVs) & application service providers (ASPs)… demand outweigh supply.
877-PDS-PAYS BIG time, [IF] it hooks-up with brokerages... DEAL!
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