Retail giant Walmart and Chase, the consumer and commercial banking business of JPMorgan Chase, have signed an agreement under which the retailer will add Chase Pay as an additional payment option.
Starting in 2017, Chase Pay users can shop conveniently on the retailer’s website and app, including the Walmart Pay mobile service in stores.
Chase Pay, developed for Chase Visa credit and debit cards, leverages token technology, which utilises one-time complex codes to process transactions and protects card details.
In October 2016, Chase and Walmart have expanded their partnership to allow Chase Visa card transactions at more than 5,000 Walmart and Sam’s Club locations in the US as well as at Sam’s Club ecommerce will process through ChaseNet, the bank’s closed-loop network.
Both ChaseNet and Chase Pay will go live with Walmart in 2017.
Walmart senior vice president and assistant treasurer Mike Cook said: “We are excited about the opportunity to provide our customers with even greater convenience and value to our Walmart Pay app while expanding our relationship with Chase.
“Adding Chase Pay as an option within Walmart Pay and online will create an enhanced experience for our customers.”
Chase president of strategic alliances and loyalty solutions Jennifer Roberts said: “We’re delighted to strengthen our ties with Walmart to deliver a seamless payment experience to our mutual customers. Walmart is a great partner that will provide customers yet another way to use Chase Pay for everyday shopping.”