E-commerce giant Amazon.com Inc (AMZN.O) is fielding bids to replace US lender JPMorgan Chase & Co (JPM.N) as the issuer on its co-branded credit card portfolio, a person familiar with the matter told Reuters.
Amazon has sent out a ‘request for proposal’ for the portfolio, the person said, asking not to be identified as the matter was not public yet.
JPMorgan could fetch a 15% premium if it is replaced as partner in the portfolio, which contains more than $ 15 …