Apple Pay

Chase Incentivizes Apple Pay, Chime Offers To Members

Apple Pay just got support from two very different companies.

First, this week, as part of a new promotion, Chase has added a unique promotion incentivizing adding its eligible cards onto Apple Pay. For those users who do, Chase and Apple paired to offer a free iTunes download of Eric Clapton's latest album, "I Still Do."

Chase was an early supporter of Apple Pay and has promoted it in its digital banking commercials. So, perhaps, it's not so much of a surprise that it would pair with Apple to promote another way to get its cardholders onto Apple Pay. Users are eligible to cash in on this offer only on May 20.

In other Apple Pay news, Chime, a mobile-focused banking service provider, announced that it has added Apple Pay as a service to its platform. The company also announced that it raised another $9 million in funding.

"Our number one goal is to help our members live healthier financial lives. We know our members prefer to manage all aspects of their finances on their phone, and with these new features, they'll be able to save time and money when they make mobile payments with Chime," said Chime CEO Chris Britt.

In its announcement about the Apple Pay addition, the company touted the mobile wallet's privacy and security offerings, pointing specifically to the tokenization it provides for each transaction.

"With the addition of Apple Pay, Chime members can enjoy the convenience, privacy and security of making mobile payments at retailers nationwide, as well as within their favorite apps. By adding Chime to Apple Pay on their iPhone, iPad or Apple Watch, members can also benefit from Chime's Automatic Savings and rewards when they make purchases with Apple Pay," the company wrote in its news release.



The September 2020 Leveraging The Digital Banking Shift Study, PYMNTS examines consumers’ growing use of online and mobile tools to open and manage accounts as well as the factors that are paramount in building and maintaining trust in the current economic environment. The report is based on a survey of nearly 2,200 account-holding U.S. consumers.

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