Just a few months after announcing its contactless debit card access to 15,000 ATMs nationwide, financial services giant Chase announced the launch of its new contactless Visa credit cards. The company reported that starting at the end of this year, customers will receive new contactless Visa cards on an ongoing basis as their cards are up for renewal or when they open a new account.
“Chase Freedom Unlimited and Chase Slate customers will be among the first to receive their new cards. All Chase Visa credit cards, including all co-brand cards, will have tap to pay functionality by the first half of 2019. Chase debit cards will offer the tap to pay feature in the second half of 2019.”
Chase noted the contactless checkout process is simple and secure: a customer taps their card on the reader at millions of places that feature the Contactless Symbol, and the reader confirms payment, often with no signature required. Chase contactless Visa cards will include secure EMV Chip technology, which has proven effective at reducing counterfeit fraud. While sharing details about the upcoming cards, Abeer Bhatia, President of Card Marketing, Pricing and Innovation for Chase Card Service, stated:
“Tapping to pay will help speed our customers through checkout with the ease and confidence of paying with Chase. Outside the U.S., consumers love the convenience of contactless payments, and we’re excited to start tapping to pay here.”
Oliver Jenkyn, Regional President, North America of Visa, went on to add:
“Tapping to pay enables a fast, easy and secure way to pay that benefits consumers, merchants, financial institutions, and payments partners. Visa believes the time to evolve the U.S. to a contactless market is now and we are thrilled to be working with Chase to make tapping to pay a reality for millions of Chase Visa cardholders.”