Chase Pay Signs Multi-Year Deal with Shell Gas Stations
Chase announced they have signed a multi-year agreement with Shell so customers can use the Chase Pay mobile wallet at their gas stations.
JPMorgan Chase announced the development of Chase Pay last October, making it operational for online payments with select ecommerce merchants. The mobile wallet is scheduled for release for in-app and in-store purchases later this year.
Shell is the largest fuel retailer in the United States.
As part of its partnership with Shell, Chase Pay will be tied to Shell’s Fuel Rewards program, allowing customers to instantly save at the pump. Fuel Rewards was launched in 2013 as a way to help consumers save money at participating Shell gas stations. Members save a minimum of $0.03/gallon, but they can earn additional savings based on their spending habits.
Chase Pay is designed to be merchant friendly, incorporating existing merchant rewards programs into its mobile wallet platform. The program is said to “eliminate merchant fraud liability because it runs on a closed-loop platform called ChaseNet.”