Chase Pay officially debuts with acceptance at Best Buy, Starbucks
Chase has officially launched its Chase Pay app, which the financial institution introduced in October 2015 at the Money20/20 conference in Las Vegas.
At the time, the much-maligned Merchant Customer Exchange was Chase Pay's premier partner. MCX earlier this year indefinitely delayed the launch of its CurrentC mobile payments app.
Chase said the QR code-based Chase Pay app will work at more than 7,500 participating Starbucks locations in the U.S. as well as some 1,400 Best Buy stores. The bank announced the partnership with Starbucks earlier this year.
Chase customers can download the Chase Pay app from the App Store and Google Play, according to a press release. Once they sign in using their ID and password for Chase.com, customers will see their Chase Visa credit, debit and Liquid cards already loaded to the app. After initial access, customers can use Touch ID to open the app, making it easy to pay at the register, according to the announcement.
"Chase Pay is special because it's the first digital payments solution that benefits both consumers and merchants," said Jennifer Roberts, president of strategic alliances and loyalty solutions for Chase. "By focusing on merchant needs first — lower cost, zero fraud liability — we've got a real opportunity to break through the mobile payments noise."
Chase Pay offers retailers a fixed pricing structure and does not charge for use of the network, merchant processing or merchant fraud liability, the bank said earlier this year.
In the future, customers will be able to use Chase Pay at Phillips 66, Conoco, 76, Wal-Mart (which has its own Wal-Mart Pay wallet), ShopRite, The Fresh Grocer (part of Wakefern Food Corp.), and participating Shell stations.