Nov. 15, 2018
JP Morgan Chase and Visa are rolling out contactless payments to millions of the bank's cardholders starting later this year, including debit, credit and co-branded cards, according to a blogpost from the card issuer and company release from the bank.
Starting later this year, Chase customers receiving their renewed cards or being issued a new Visa card will get the contactless Tap to Go capabilities in their new cards, starting with Chase Freedom Unlimited and Chase Slate customers.
All Chase credit cards will have the Tap to Go capabilities by the first half of 2019. Chase will rollout Tap to Go to all debit card holders during the second half of 2019.
The contactless payment feature means that cardholders only need to tap their card on the reader at millions of retailers and other outlets that feature the contactless symbol. The cards use secure EMV chip technology, according to Chase. During the transaction a one-time code is issued to secure the payment information, according to Chase.
Topics: Card Brands, Contactless / NFC, EMV, Mobile Banking
Companies: Visa, JP Morgan Chase Bank N.A.
Sponsored Links: