JPMorgan Chase to reward mobile-only bank account customers for using key features

JPMorgan Chase takes smartphone account ‘Finn’ nationwide — Reuters — “JPMorgan is offering $100 to people who open accounts and complete 10 transactions of certain types, such as sending money to another person or paying a bill. The incentive is designed to make customers familiar with using the app, said Melissa Feldsher, head of Finn. She believes customers will stick with the accounts after seeing they can automatically make deposits to their savings accounts, such as moving $2 from their checking account every time they spend $5 with the app at a Starbucks coffee shop.”



US merchants increase support for NFC in stores, cut back on Apple Pay and Google Pay online

New survey finds fewer merchants accepting Apple Pay — Kount — “Support is up across the board for near field communication (up from 29% to 37%) and other mobile payments at the physical point-of-sale… Online merchant support for Apple Pay has gone down from 48% to 35%, Google Pay (previously Android Pay), is down from 38% to 25%, support for PayPal increased (from 48% to 64%) while 10% accept AliPay and 10% accept other e-wallets. The share of merchants who accept Samsung Pay, Visa Checkout, MasterPass, and Chase Pay all stayed constant from last year.”




Shell rolls out mobile payments at the pump

Customers at participating Shell branded retail stations in the US can now pay at the pump and in store using mobile payment with Chase Pay — JP Morgan Chase — “Millions of consumers of participating Shell branded retail sites in the US are now able to pay for fuel with their mobile devices, using either the Shell app or the Chase Pay app… Customers simply pull up to the pump, enter their pump number, and receive a three-digit code to enter into the dispenser to refuel… Customers can also make purchases using the apps inside Shell convenience stores.”


Amazon plots move into mobile payments and financial services

Are you ready for an Amazon-branded checking account? — Wall Street Journal — “Amazon.com Inc is in talks with big banks including JPMorgan Chase about building a checking-account-like product the e-commerce giant could offer its customers, according to people familiar with the matter… Converting its shoppers into financial account holders could also aid Amazon as it ramps up its efforts in payments… The company is now trying to bring Amazon Pay to brick-and-mortar stores, according to people familiar with those plans. It is likely to begin with Whole Foods, which Amazon bought last year for roughly US$13.5bn.”


Chase offers 5% cash back on payments made with mobile wallets

Chase Freedom adds new mobile wallets category to 5% cash back rewards for first quarter — Chase — “Cardmembers can earn 5% cash back on up to $1,500 in combined purchases in quarterly categories during the first three months of 2018, including purchases they make with the card in four mobile wallets. For the first time ever, cardmembers will earn the extra rewards through this new offer when using the following mobile wallets: Chase Pay, Apple Pay, Android Pay, Samsung Pay.”


Kroger grocery stores to accept Chase Pay mobile payments

Kroger and Chase Pay announce mobile payment partnership — Kroger — “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 ecommerce programs in 2018… Through the partnership, Chase’s 65 million customers will have an opportunity to use Chase Pay at Kroger for online and in-lane purchases.”


PayPal tops US survey of most trusted financial services brands

Landor Pulse: PayPal leads as most trusted financial services brand — Landor — “Approximately 30% of consumers rank PayPal as trustworthy, compared with 25% for Visa, 23% for Mastercard, and 17% for American Express… Apple Pay and Google Wallet are trusted by only 13% of consumers… Just 17% think Capital One and Chase are trustworthy, with Bank of America one point below at 16%… Bitcoin has the lowest rating of all, with only 6% of consumers believing it to be trustworthy.”












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