 Shares of PayPal Holdings Inc. PYPL, 3.05 were off more than 1 in premarket trading Monday after The Wall Street Journal reported that the big banks were working on a digital wallet meant to ease the process of purchasing online with debit and credit cards. Wells Fargo Co. WFC, 2.26 , Bank of America Corp. BAC, 1.87 , JPMorgan Chase Co. JPM, 0.24 , and several other banks are teaming up on this yet-to-be-named wallet, which will be managed by Zelle operator Early Warning Services LLC. 