In a press release, Chase said that as result, customers will be able to use Samsung Pay’s Magnetic Secure Transmission (MST) technology, along with NFC, to pay with the Chase Pay app at millions of merchants in the United States by simply tapping the payment terminal. JPMorgan said that by bringing together Chase Pay and Samsung Pay, it gives cardholders more ways to pay for things via their mobile phones as well as at more places. Samsung Pay is accepted at nearly all payment terminals, making it the most widely accepted mobile payment product in the United States, JPMorgan Chase said in the release. Consumers that link Chase Pay to Samsung Pay will have the ability to earn Samsung Rewards points — and for eligible Chase cards, Chase Ultimate Rewards points — for purchases they make. Customers will be able to redeem Chase Ultimate Rewards points at checkout to receive a statement credit, noted the company.
“Now our customers can use the Chase Pay app at millions of merchants around the country. And Chase Ultimate Rewards customers can redeem their points more easily,” said Jennifer Roberts, head of Chase Pay, in the press release. Meanwhile, Sang Ahn, vice president and general manager of Samsung Pay, said in the same press release that it is Samsung’s vision to create a mobile shopping experience in which consumers can check out at the physical merchant or find deals within the Samsung Pay app. “We’re thrilled to bring Samsung Pay’s unique technology for the benefit of both Chase and Samsung’s customers by offering consumers more choices and better mobile payment experiences,” the executive said in the press release. Consumers can also earn Samsung Rewards points for every eligible purchase with Samsung Pay.