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NEWS Shell signs up to accept Chase Pay
Chase Pay in the mobile payments battle against Apple Pay, Samsung Pay and Android Pay. Earlier this year, a deal was also struck with Starbucks to accept it at more than 7,500 stores in the US. Unlike its rivals, the solution can be used on pretty much any smartphone and added to that is the large number of potential customers Chase brings to the table. That being said, also unlike Apple Pay et al, which are NFC-based, it uses QR codes which have yet to take off Stateside.
JPMorgan Chase to accept the closed loop digital solution Chase Pay at its stations across the US. Chase credit and debit customers will now be able pay with their mobiles at the pump, in stores, online and within an app.
S The addition of a major chain like Shell is a huge boost for MCX puts CurrentC on backburner
urrentC, a US merchant backed mobile payments service, is ending a beta test and closing up shop, for the time being at least. An email sent to early testers of its app noted that a Columbus, OH trial had concluded, accounts would be disabled and all further CurrenC releases postponed.
C
A rival to Apple Pay (pictured), Samsung Pay et al, the offering is driven by a consortium called Merchant Customer Exchange, or MCX, which consists of retailers such as Walmart and Best Buy. It is based around QR codes (which have failed to take off
hell has inked a multi-year deal with
Shell is the first major US merchant to sign on from the Merchant Customer Exchange, or MCX, a mobile payments consortium including Target and Best Buy that has a partnership agreement in place with Chase Pay and that in June put its own CurrentC service on hold. “We recognise consumers are looking to mobile solutions for everyday needs, including shopping, travel, restaurant reservations and more,” says Craig Schneider, Shell GM and Vice President of Retail Marketing North America. “Adding Chase Pay to the multiple payment methods Shell accepts will deliver a simplified, differentiated and personalised customer experience while driving loyalty.”
Chase Pay is currently live with a small number of e-commerce merchants and will be available later this year.
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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