Company Website:
http://www.chase.com
NEW YORK -- (Business Wire)
Chase today announced that it has expanded its relationship with Walmart
(NYSE: WMT) to process payments on ChaseNet, the bank's closed-loop
network, at its 5,000+ Walmart and Sam’s Club locations in the U.S. and
at Sam’s Club ecommerce.
ChaseNet offers businesses guaranteed, fixed-rate pricing for Chase
Visa® credit and debit payments for the term of the contract. Chase
already processes payments for Walmart’s ecommerce channel.
“Engaging Chase with a direct processing relationship has been a
priority for Walmart for some time,” said Mike Cook, Sr. Vice President
and Assistant Treasurer at Walmart. “Walmart is always looking for
innovative ways to improve the payment experience for our customers
while also creating competition in the payments industry. We are excited
to work with Chase to help our customers save time and money.”
“We are pleased to expand our relationship to offer consumers a
convenient, secure payment experience,” said Matt Kane, CEO of Chase
Commerce Solutions.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better – anytime and anywhere – in retail stores, online,
and through their mobile devices. Each week, nearly 260 million
customers and members visit our 11,527 stores under 63 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2016
revenue of $482 billion, Walmart employs more than 2.3 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Online merchandise sales are available at http://www.walmart.com
and http://www.samsclub.com.
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 $2.5 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,
15,500 ATMs, mobile, online and by phone. For more information, go to Chase.com.
About Chase Commerce Solutions
Commerce Solutions is the global payment acceptance and merchant
acquiring business of JPMorgan Chase & Co. Commerce Solutions is a
leading provider of payment, fraud management and data security
solutions, capable of authorizing transactions in more than 120
currencies. The company’s proprietary platforms provide integrated
commerce solutions for allmajor credit and debit card
payments as well as mobile payments. Commerce Solutions has uniquely
combined proven payment technology with a long legacy of merchant
advocacy that creates quantifiable value forecommerce
companies. Commerce Solutions processed 42 billion transactions globally
with a value of $949.3 billion in 2015, and ranked the No. 1 Merchant
Acquirer Worldwide, based on volume, by The Nilson Report in April 2016.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160922005356/en/
Contacts:
Chase
Edward J. Kozmor, 302-282-7170
edward.kozmor@chase.com
or
Ashley
Frost, 212-270-7077
ashley.frost@chase.com
Source: Chase and Wal-Mart Stores, Inc.
© 2024 Canjex Publishing Ltd. All rights reserved.