Walmart to Accept Chase Pay

Walmart to Accept Chase Pay
04.11.2016 09:00 am

Walmart to Accept Chase Pay

Payments

Chase announced today that Walmart (NYSE: WMT) will accept Chase Pay® on Walmart.com, within the Walmart mobile application and in its stores through the Walmart Pay app.

Chase Pay allows customers to use the digital payment solution to purchase conveniently and securely in-store and online while earning rewards and receiving offers. Created for Chase Visa® credit and debit cards, Chase Pay protects the customer through token technology, which utilizes one-time complex codes to process transactions and keep the card information secure.

The companies last month expanded their relationship by announcing that Chase Visa card transactions at 5,000+ Walmart and Sam’s Club locations in the U.S. and at Sam’s Club ecommerce will process through ChaseNet, the bank’s closed-loop network. Both ChaseNet and Chase Pay are scheduled to go live with Walmart in 2017.

“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,” said Mike Cook, senior vice president and assistant treasurer for Walmart. “Adding Chase Pay as an option within Walmart Pay and online will create an enhanced experience for our customers.”

Walmart joins a list of high-profile merchants poised to accept Chase Pay, which is currently live on select merchant websites. Chase Pay will launch for mobile payment at participating merchant registers and a form of payment in select merchant apps later this year.

“We’re delighted to strengthen our ties with Walmart to deliver a seamless payment experience to our mutual customers,” said Jennifer Roberts, president of strategic alliances and loyalty solutions for Chase. “Walmart is a great partner that will provide customers yet another way to use Chase Pay for everyday shopping.”

Chase is the largest U.S. credit card issuer based on loans outstanding. Chase customers have more than 94 million consumer credit, debit and prepaid card accounts, and nearly 26 million actively use the award-winning Chase mobile banking app.

Related News

EBANX and Visa Expand Strategic Partnership in Brazil

EBANX and Visa announce the extension of a strategic partnership, sealed by the Participation Agreement in the Money Transfer Merchant Program... Read more »

Computop and Raiffeisen Bank International to Support Omnichannel Payments in Eastern Europe

Computop, a leading global payment processor, and Raiffeisen Bank International (RBI), which specialises in cashless payments in Central and... Read more »

Mobey Forum Launches Payments Expert Group

Mobey Forum, the global industry association empowering banks and financial institutions (... Read more »

P20 Joins Forces With UK National Cyber Security Centre, New York City Office of Financial Empowerment, Federal Reserve Bank of Atlanta and More to Address Urgent Need for Secure Payments

●      The fourth P20 Global Payments Conference will take place on September 29 and 30 and will address the critical issue of ‘How to deliver secure payments for all’. ... Read more »

Paymentology Partners with Sokin to Expand its Cloud-Based Payment Solutions

Cloud-native payment processor Paymentology has partnered with Sokin, the new generation payments firm, to enhance and extend the services... Read more »

Paysend Grows by 80%, Accelerating the Switch to E-money

UK-based global FinTech business Paysend today announced record growth figures after it was revealed last week that the Royal Mint will be discontinuing... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel