Chase, the consumer and commercial banking business of JPMorgan Chase, has launched Chase Pay, a new digital payment solution that will work in stores, in app and online.
The bank's customers can now use the mobile wallet app at more than 7,500 participating Starbucks locations in the US and nearly 1,400 Best Buy stores.
In order to make payment, users need to download the Chase Pay app and sign in using the same User ID and password as they use on Chase.com. The app will be preloaded with customers’ Chase Visa credit, debit and liquid cards.
With this app, Chase customers can pay with a mobile phone using QR codes at participating stores, check Chase account balances and available credit and view transactions from the last 90 days.
Chase president of strategic alliances and loyalty solutions Jennifer Roberts said: “Chase Pay is special because it’s the first digital payments solution that benefits both consumers and merchants. By focusing on merchant needs first – lower cost, zero fraud liability – we’ve got a real opportunity to break through the mobile payments noise.”
JPMorgan Chase also plans to roll out the payment solution at Phillips 66, Conoco, 76, Walmart, ShopRite and The Fresh Grocer.