Kroger partners with Chase Pay to offer mobile payments for online and in-lane purchases

Redesigning grocery payment experience enables seamless transactions while delivering cost savings for the future

CINCINNATI, 2017-Dec-13 — /EPR Retail News/ — The Kroger Co. is teaming up with Chase Pay—the digital engagement wallet from JPMorgan Chase & Co.— to offer mobile payments starting with select retail markets and e-commerce programs in 2018.

Kroger’s payment solutions are a part of the company’s Restock Kroger Plan, the strategy to create shareholder value by redefining how America eats. One of the key strategic drivers is to expand partnerships to create customer value, which includes Kroger forming alliances to accelerate digital and e-commerce platforms.

“Technology is transforming our customers’ experiences and greatly influencing how we are reimagining the store of the future,” said Chris Hjelm, Kroger’s Chief Information Officer. “Mobile wallets enable a more seamless shopping experience for our customers and at the same time, can help us drive cost out of our business.”

“This is a significant win for our customers who now will be able to save time and money using Chase Pay at one of the top retailers in the country,” said Jennifer Roberts, Head of Digital Products at Chase. “Kroger is one of the places our customers shop the most, and it’s great to deliver more value to both a key partner and our customers.”

Through the partnership, Chase’s 65 million customers will have an opportunity to use Chase Pay at Kroger for online and in-lane purchases.

For more information about The Kroger Co., visit www.TheKrogerCo.com.

For more information about Chase Pay, visit www.ChasePay.com.

About Kroger 
At The Kroger Co., we are dedicated to our purpose: to Feed the Human Spirit™. We are 453,000 associates who serve nearly nine million customers every day in 2,793 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Our Family of Companies operates an expanding ClickList offering – a personalized order online service – in addition to 2,258 pharmacies, 783 convenience stores, 307 fine jewelry stores, 222 retail health clinics, 1,472 supermarket fuel centers and 38 food production plants in the United States. Our Company has been recognized as one of America’s most generous companies for our support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. As a leader in supplier diversity, we are a proud member of the Billion Dollar Roundtable.

About Chase 
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.6 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,300 branches, 16,000 ATMs, mobile, online and by phone. For more information, go to Chase.com.

Contact:

513/782-3300

SOURCE: The Kroger Co.

JPMorgan Chase and PayPal to make it easy to add Chase cards via Chase Pay to PayPal accounts

Chase consumers will be able to seamlessly link their Chase cards to PayPal and pay with Ultimate Rewards points when linked to Chase Pay where PayPal is accepted online and in app

NEW YORK, 2017-Jul-21 — /EPR Retail News/ — JPMorgan Chase (NYSE:JPM) and PayPal (NASDAQ:PYPL), two global payments leaders, have announced a partnership that will make it easy to add Chase cards via Chase Pay to PayPal accounts, and will soon offer customers the option of paying with Ultimate Rewards points when linked through Chase Pay at PayPal’s millions of online merchants.

In addition, PayPal will have the ability to process payments on ChaseNet, a unique, closed-loop payment network.

“We’re excited to partner with PayPal — both our companies have been innovators in payments and we share a focus on making the payment experience simpler for our customers and merchants,” said Gordon Smith, CEO of Consumer & Community Banking at Chase.

Highlights of the partnership:

  • Chase customers will be able to seamlessly link their Chase cards via Chase Pay to their PayPal Wallet and have the option to pay with Ultimate Rewards points when linked through Chase Pay at PayPal’s millions of online merchants
  • Chase and PayPal will make it easy for PayPal customers to link their Chase cards to their PayPal account
  • J.P. Morgan will process Chase card payments from PayPal via ChaseNet
  • Chase cardholders will be able to use their PayPal account in store through the PayPal mobile wallet
  • Braintree will make Chase Pay available as a payment method for its merchants to integrate into their checkout experiences
  • A pipeline of future payments innovations will benefit approximately 94 million credit, debit and pre-paid card accounts, and four million businesses Chase serves

“This partnership is about deepening our relationship and leveraging each other’s core assets to deliver simple, secure and truly transformative payment experiences for our joint customers,” said Dan Schulman, PayPal’s CEO. “Our deep platform integration will add tremendous value to consumers who can now use PayPal and Chase products in more places, but also create new payment methods that will allow consumers to have more spending power at our millions of merchant locations online, in app and in store.”

About Merchant Services and Chase Pay from JPMorgan Chase & Co.

Merchant Services is the payment acceptance and merchant acquiring business of JPMorgan Chase & Co. (NYSE: JPM) – a global financial services firm with assets of $2.6 trillion and operations worldwide. It is a leading provider of payment, fraud management and data security solutions, capable of authorizing payment transactions in more than 130 currencies. Its processing platforms, including ChaseNet, provide integrated solutions for all major credit and debit card payments as well as mobile payments. The firm processed more than $1 trillion in payment transaction volume worldwide in 2016 and is the #1 ranked merchant acquirer worldwide according to The Nilson Report. Chase Pay is the firm’s digital wallet available on approximately 94 million Chase credit, debit and pre-paid card accounts. Chase Pay benefits both consumers and merchants with its simple, safe, and rewarding experience for online and mobile users. For more visit jpmorganchase.com.

About PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (Nasdaq: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 203 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PayPal financial information, visit https://investor.paypal-corp.com/.

Contacts:

Chase:
MaryJane H. Rogers
maryjane.h.rogers@chase.com

Maribel Ferrer
maribel.ferrer@chase.com

PayPal:
Chris Morse
914-413-3045
cmorse@paypal.com

Source:  JPMorgan Chase