Partnerships / Acquisitions

Chase Inks Deal With Phillips 66 For Chase Pay

 JPMorgan Chase announced on Wednesday (Aug. 17) it inked a multi-year deal with Phillips 66 in which Chase Pay will be accepted at Phillips 66, Conoco and 76 branded locations in the U.S.

According to a press release, Chase and Phillips 66 said the fuel retailer has also become a member of the Merchant Customer Exchange, a strategic Chase Pay relationship. In order to accept Chase Pay at its gas pumps, Phillips 66 has partnered with P97 Networks, a mobile commerce provider. As part of the arrangement, Phillips 66 consumers will soon be able to make purchases via the My Phillips 66, My 76 and My Conoco mobile apps.

“We are excited to work with Chase and P97 to accept Chase Pay at our branded sites, which will offer our customers a simplified fueling experience — one that will enable them to safely and expeditiously purchase our high-quality Phillips 66, Conoco and 76 gasoline on their mobile devices from the comfort of their vehicles,” Brian Mandell, global marketing president for Phillips 66, said in the press release announcing the partnership. “This same convenience will allow customers to take advantage of our reward programs and promotions without having to swipe loyalty cards or use coupons at pumps and registers.”

Chase Pay is currently live with some online merchants and, later this year, will be available to Chase customers at the cash register and in apps of participating merchants.

“Chase Pay will help deepen the relationship with our common customers by integrating Phillip 66’s loyalty offers and rewards with payments to deliver a seamless experience,” added Tom Nipper, executive director of global enterprise solutions for Chase Commerce Solutions.

In Oct. 2015, Chase launched Chase Pay, embracing a “merchant-friendly” value proposition in the form of favorable payments economics, integration of existing merchant loyalty programs into its mobile payments platform and its indemnification of the merchant against any consumer-initiated fraud.

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