HOUSTON--(BUSINESS WIRE)--Chase announced today that it has signed a multi-year agreement with Shell to accept Chase Pay at its stations across the U.S.
Chase Pay is a payment service that lets Chase credit and debit customers pay at the pump, in stores, online and within an app. Chase Pay will help Shell transform its customer payment and loyalty experience by enabling a mobile payment solution and driving Fuel Rewards® program participation.
In 2013, Shell and Dallas-based Excentus rolled out the Fuel Rewards® program across the U.S., saving consumers more than $480 million to date at participating Shell-branded stations. All members save at least three cents-per-gallon on every fuel purchase. Average member savings are 22 cents-per-gallon, with some customers paying as little as a penny per gallon for Shell gasoline.
“We recognize consumers are looking to mobile solutions for everyday needs, including shopping, travel, restaurant reservations and more,” said Craig Schneider, Shell GM and Vice President of Retail Marketing North America. “Adding Chase Pay to the multiple payment methods Shell accepts will deliver a simplified, differentiated and personalized customer experience while driving loyalty.”
Chase Pay – which eliminates merchant fraud liability because it runs on a closed-loop platform called ChaseNet – is currently live with select ecommerce merchants and will be available later this year for Chase customers to use at participating merchants’ registers and in apps.
“As industry leaders, we will work together to change how consumers purchase fuel, ultimately driving more brand loyalty,” said Jennifer Roberts, President of Strategic Alliances and Loyalty Solutions for Chase.
Shell is the largest fuel retailer in the United States while Chase is the largest U.S. credit card issuer based on loans outstanding. Chase customers have more than 90 million consumer credit and debit card accounts, and nearly 24 million actively use the award-winning Chase Mobile app.
“Together, we’ll make it easier at Shell stations for the growing number of customers who pay with their mobile phones,” said Tom Nipper, Executive Director of Global Enterprise Solutions for Chase Commerce Solutions. “It will help deepen our relationship with our common customers and reinforce the value of the Fuel Rewards® program.”
Shell is also a member of the Merchant Customer Exchange (MCX), an initial Chase Pay partner. MCX merchants are the biggest players in every merchant vertical in the country, collectively representing 100,000 stores and one-fourth of all retail sales volume in the U.S.
About Shell Oil Company
Shell Oil Company is an affiliate of the Royal Dutch Shell plc, a global
group of energy and petrochemical companies with operations in more than
70 countries. We deliver a diverse range of energy solutions and
petrochemicals to customers worldwide. These include transporting and
trading oil and gas, marketing natural gas, producing and selling fuel
for ships and planes, generating electricity and providing energy
We also produce and sell petrochemical building blocks to industrial customers globally, and we are investing in making renewable and lower-carbon energy sources competitive for large-scale use. In the U.S., we operate in 50 states and employ more than 20,000 people delivering energy in a responsible manner.
About Shell Oil Products US
Shell is a leader in the refining, transportation and marketing of fuels, and has a network of approximately 6,100 branded gasoline stations in the Western United States. Shell Oil Company is a 50 percent owner of Motiva Enterprises LLC, along with Saudi Refining, Inc. Motiva Enterprises LLC refines and markets branded products through more than 8,300 Shell-branded stations in the Eastern and Southern United States.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,300 branches, 15,500 ATMs, mobile, online and by phone. For more information, go to Chase.com.
About Chase Commerce Solutions
Commerce Solutions is the global payment acceptance and merchant acquiring business of JPMorgan Chase & Co. Commerce Solutions is a leading provider of payment, fraud management and data security solutions, capable of authorizing transactions in more than 120 currencies. The company’s proprietary platforms provide integrated commerce solutions for all major credit and debit card payments as well as mobile payments. Commerce Solutions has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for ecommerce companies. Commerce Solutions processed 42 billion transactions globally with a value of $949.3 billion in 2015, and ranked the No. 1 Merchant Acquirer Worldwide, based on volume, by The Nilson Report in April 2016.
At Excentus, we create programs that help lower the cost of everyday life. Whether through direct-to-consumer programs like the Fuel Rewards® and fuelperks! programs, or through companies utilizing our Centego products and services, Excentus’ proprietary software engine helps numerous loyalty and marketing programs drive down the cost of everyday commodities like gasoline. In fact, since 2012, Excentus has helped consumers and small businesses across America save over $600 million at the pump. Creating real savings that positively affect the everyday lives of real people – that’s what Excentus is all about. Founded in 1996 in Dallas, TX, Excentus is a privately held company with more than 200 employees. Information: www.excentus.com.