Chevron and JPMorgan Chase Sign Multi-Year Agreement

Chevron and JPMorgan Chase Sign Multi-Year Agreement

The FINANCIAL -- Chevron U.S.A. Inc., announced on April 21 that it has signed a multi-year agreement with Chase Commerce Solutions, the global payment processing, merchant acquiring business of JPMorgan Chase & Co., to handle payment acceptance and processing at Chevron’s nearly 8,000 retail locations in the U.S. beginning later this year.

Chase’s proprietary payments platform will help to increase security and reliability, and expand functionality for future flexibility, according to JPMorgan.

“This activity has been on our strategic roadmap and we are pleased to now bring it to completion,” said Rod Tos, Manager of Card Operations at Chevron. “Chevron is always looking for innovative ways to improve the payment experience for our customers and we are delighted to partner with Chase to bring ongoing benefits to Chevron’s retail network.”

 “We continue to enable commerce through a simple, secure payment experience for consumers and for our business clients,” said Tom Nipper, executive director of Global Enterprise Solutions for Chase Commerce Solutions. “We are pleased to support Chevron as they accept credit card and stored value card payments easily and securely throughout its U.S. retail petroleum stores.”