Visa and Chevron Bring Mobile Payments to the Pump
October 06 2015 - 8:00AM
Business Wire
Northern California initiative brings fast and more secure
payment method to more than 20 Chevron stations
Visa Inc. (NYSE:V) and Chevron U.S.A. Inc. (NYSE: CVX) today
announced they will launch a mobile payments program at more than
20 Chevron-branded stations, accepting any NFC (near-field
communications) payment service. The program, launching later this
fall at select Chevron stations in San Francisco and Silicon
Valley, will offer consumers a simple and more secure way to pay at
the pump with a range of mobile payment services. Already, an
estimated 80 percent of Chevron customers in the U.S. pay for gas
at the pump using a credit or debit card.
“Mobile payments are moving into the mainstream in the U.S.
because, more and more, consumers see the value of using their
personal devices to purchase everyday items like groceries and
gas,” said Jim McCarthy, executive vice president of innovation and
strategic partnerships at Visa Inc. “Chevron has always focused on
giving their customers great experiences by offering convenient
ways to pay and being committed to protecting against fraud. For
this reason, they are who we want to help us broaden both the
reach, and consumer understanding of the many mobile payment
options in the market today.”
“We are continually looking for ways to improve the customer
experience at our stations and further expand our offering of
mobile payment solutions at the pump,” said Glenn Johnson, general
manager, Americas Products marketing sales and services, Chevron.
“This new program with Visa further solidifies our commitment to
delivering high-quality products and services in a more secure and
convenient environment.”
As the payments industry increasingly shifts from plastic to
digital, new technology advances from Visa and its partners are
helping merchants like Chevron and its retailers offer their
customers a simple and more secure purchasing experience,
regardless of where they are and what device they are using. With
security at the core of the mobile purchasing experience, Chevron
customers can feel confident that each transaction
is authorized through the Visa Token Service, which uses a
unique digital identifier to process consumer payments without
exposing actual account details.
“With my travel and training schedule, I rely on my mobile phone
to do so much more than keep in touch with friends, family and
fans,” said Carli Lloyd, soccer champion. “Even better, is when I
can use my phone to do something faster, like paying for something
with just a tap.” To see Carli pay at the pump, please visit:
https://youtu.be/4S6CJE2uSac
About Chevron
Chevron Corporation is one of the world’s leading integrated
energy companies. The company is involved in virtually every facet
of the energy industry. Chevron explores for, produces and
transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures and
sells petrochemicals and additives; generates power and produces
geothermal energy; and develops and deploys technologies that
enhance business value in every aspect of the company’s operations.
Chevron is based in San Ramon, Calif. More information about
Chevron is available at www.chevron.com.
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company
that connects consumers, businesses,
financial institutions, and governments in more than 200
countries and territories to fast, secure and reliable
electronic payments. We operate one of the world's most
advanced processing networks — VisaNet — that is capable
of handling more than 56,000 transaction messages
a second, with fraud protection for consumers and
assured payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees
for consumers. Visa's innovations, however, enable its
financial institution customers to offer consumers more
choices: pay now with debit, pay ahead of time with
prepaid or pay later with credit products. For more information,
visit usa.visa.com/about-visa, visacorporate.tumblr.com and
@VisaNews.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151006005828/en/
ChevronBraden Reddall,
925-790-6247BReddall@chevron.comorVisaKryssa Guntrum,
415-805-4488kguntrum@visa.com
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