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"JPMorgan Chase has yet to launch its Chase Pay wallet app, but it s lining up some formidable allies. The wallet s underlying technology was years in the making, giving Chase an edge in winning merchant partners while tapping into a sizable consumer base.", www.paymentssource.com
"HOUSTON—Chase announced today that it has signed a multi-year agreement with Shell to accept Chase Pay at its stations across the U.S. Chase Pay is a payment service that lets Chase credit and debit customers pay at the pump, in stores, online and within an app. Chase Pay will help Shell transform its customer payment and loyalty experience by enabling a mobile payment solution and driving Fuel Rewards® program participation. In 2013, Shell and Dallas-based Excentus rolled out the Fuel Rewards® program across the U.S., saving consumers more than $480 million to date at participating Shell-branded stations. All members save at least three cents-per-gallon on every fuel purchase. Average member savings are 22 cents-per-gallon, with some customers paying as little as a penny per gallon for Shell gasoline.", www.theautochannel.com
"Merchant Customer Exchange, a consortium of retailers including Wal-Mart Stores Inc. and Target Corp., ceased development of its mobile wallet and is refocusing on supporting partner JPMorgan Chase & Co.’s mobile-payment service, according to a person familiar with the matter.", www.bloomberg.com