Payment Methods

Citi Retail Services, ExxonMobil Enable Users To Apply For Credit From Speedpass+ App

Citi Retail Services and ExxonMobil announced Tuesday (June 13) new industry-leading functionality for the ExxonMobil Speedpass+ mobile payment app that enables consumers to apply for the ExxonMobil Smart Card credit card directly through the app.

In a press release, the companies said the “Apply and Buy” feature is available to consumers nationwide through ExxonMobil’s Speedpass+ app, which can be downloaded through the Apple app store or Google Play and used at thousands of Exxon and Mobil stations. The new functionality leverages tools and security features provided by Equifax, the global information solutions company.

“Citi’s Apply and Buy technology is a groundbreaking digital advancement for the fuel industry and will deliver convenient payment options and ongoing savings to drivers nationwide,” said Craig Vallorano, head of Citi Retail Services, in the press release. “ExxonMobil is an exceptionally innovative partner, and we are excited to expand our relationship to include mobile payments.”

Consumers who apply for a new ExxonMobil Smart Card by July 31 are eligible to save $0.20 on every gallon of Synergy fuel for the first two months from their account opening date. Following that, cardholders save on gas prices, saving $0.06 on every gallon of fuel purchased at all Exxon and Mobil locations in the U.S. using either their Smart Card at the pump or within Speedpass+.

“Citi Retail Services, supported by Equifax, has helped us deliver this innovative mobile feature that allows consumers to quickly and seamlessly apply for a Smart Card, which will be automatically added as a payment option within the app once approved,” said Miguel Castillo, Americas payments marketing manager for ExxonMobil Fuels, Lubricants & Specialties Marketing Company, in the same press release.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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