US payments firms fall after Bloomberg News report on JPMorgan Chase's fintech fee plan

Shares of U.S. payments companies drop after Bloomberg News reported that JPMorgan Chase JPM.N is planning to impose fees on fintech companies for access to its customer bank account data

Financial technology firms PayPal PYPL.O, Block XYZ.N and Affirm AFRM.O slip 5.3%, 4.9% and 4.8%, respectively

Credit card lender American Express AXP.N falls ~1.5%

Payments processors Visa V.N and Mastercard MA.N drop 2.4% and 2.4%, respectively

"We've had productive conversations and are working with the entire ecosystem to ensure we're all making the necessary investments in the infrastructure that keeps our customers safe" - JPMorgan Chase spokesperson