Chase has recently launched its Chase Pay app, which was introduced in October 2015 during the Money 20/20 conference held in Las Vegas.
According to Chase, the Chase Pay app, which is based on the QR code, will be available at over 7.500 participating Starbucks locations in the United States. Also, it will work at about 1.400 Best Buy stores. The partnership with Starbucks was announced earlier this year.
As it is mentioned in a press release, the Chase Pay app can be downloaded from the App Store and Google Play. Customers can sign in using their ID and password for Chase.com. Then, their Chase Visa credit, debit and Liquid cards will be loaded to the app.
Customers should follow these steps for the initial access, and then they can open the app with the help of Touch ID. This way, customers can easily make payments at the register.
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According to Jennifer Roberts, president of strategic alliances and loyalty solutions for Chase, Chase Pay plays a special importance in the world of online payments as it’s the first digital payments solution that offers benefits to both merchants and consumers.
Roberts further notes that, first of all, they focus on merchants needs by offering lower cost and zero fraud liability. This helps them break through the noise in the world of mobile payments.
The financial institution announced earlier this year that a fixed pricing structure will be offered to retailers. It won’t charge for the network use, merchant fraud liability or merchant processing.
When it comes to customers, Chase Pay will be available for them to use at Wal-Mart, Phillips 66, ShopRite, 76, The fresh Grocer, Conoco, and participating Shell stations.
Chase Pay offers seamless payment processing both at national chains and local shops. It is a combination of a payment app, an e-wallet, a virtual wallet, and a store app.