July 11 (Reuters) - JPMorgan Chase ( JPM ) is planning

to impose fees on fintech companies for access to its customer

bank account data, Bloomberg News reported on Friday, citing

people familiar with the matter.

The largest U.S. lender has sent pricing sheets to data

aggregators - intermediaries that link banks with fintech

platforms - outlining new charges that may vary by use case,

with payment-focused firms facing higher costs, according to the

report.

"We've invested significant resources creating a valuable

and secure system that protects customer data," a JPMorgan Chase ( JPM )

spokesperson said.

"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."

The move could disrupt the business model of payment apps,

which rely on free access to customers' financial data to

process transactions.

Shares of PayPal ( PYPL ) fell 6.3%, Block was down

5.6%, while Visa and Mastercard ( MA ) lost 2.82% and

2.9%, respectively.

The new fees are expected to take effect later this year but

are subject to negotiation, the Bloomberg News report said.

U.S. banking giants are pushing for lighter regulations

under President Donald Trump's administration battling Biden-era

regulations over tougher capital requirements.