Wakefern to Accept Chase Pay
October 19 2016 - 9:02AM
Business Wire
Largest U.S. retailer-owned cooperative offers
customers another convenient, secure and rewarding way to pay
Chase announced today that Wakefern Food Corp. will accept Chase
Pay® as another way for customers to pay for groceries at ShopRite
and The Fresh Grocer stores -- supermarkets that are part of the
Wakefern cooperative.
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Chase Pay (Photo: Business Wire)
Chase Pay is a digital payment solution that allows customers
with Chase Visa® consumer credit and debit cards to purchase items
conveniently and securely while earning rewards and offers. Chase
Pay uses token technology that makes payments more secure for
customers and helps minimize risk to businesses.
“In a hyper-competitive industry, Wakefern has done an amazing
job growing revenue and market share in the digital space and with
brick-and-mortar stores,” said Jennifer Roberts, president of
strategic alliances and loyalty solutions for Chase. “We are
pleased to work with Wakefern and deliver a seamless payment
experience through Chase Pay for our mutual customers.”
The largest U.S. retailer-owned cooperative, Wakefern is
comprised of 50 member companies that individually own and operate
330 supermarkets along the East Coast. Wakefern will accept Chase
Pay as a form of payment through ShopRite and The Fresh Grocer
supermarket websites later this year. Chase Pay will be phased in
next year at ShopRite and The Fresh Grocer store registers and
through the ShopRite Mobile app.
Wakefern joins a host of merchants to accept Chase Pay, which is
live on select merchant websites. Chase Pay will launch for mobile
payment at participating merchant registers and a form of payment
in select merchant apps later this year.
Chase is the largest U.S. credit card issuer based on loans
outstanding. Chase customers have more than 90 million consumer
credit and debit card accounts, and nearly 24 million actively use
the award-winning Chase mobile banking app.
About Wakefern Food Corp.
From a small, struggling cooperative with eight members – all
owners of their own grocery stores -- Wakefern Food Corp. has grown
into the largest retailer-owned cooperative in the United States.
Founded in 1946, the cooperative is comprised of 50 members who
today independently own and operate 330 supermarkets under the
ShopRite, The Fresh Grocer, Price Rite and Dearborn Market banners
in New Jersey, New York, Connecticut, Pennsylvania, Maryland,
Delaware, Massachusetts and Rhode Island. Together with its member
companies, Wakefern employs more than 70,000 people, making it one
of the largest employers in New Jersey. For more information,
please visit www.Wakefern.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 all major 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
for ecommerce 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/20161019005338/en/
Chase:Edward J. Kozmor,
302-282-7170edward.kozmor@chase.comorStephanie Dufresne,
312-732-1436stephanie.a.dufresne@jpmchase.comorWakefern:Karen
O’Shea, 732-906-5932karen.oshea@wakefern.com
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