Northern California initiative brings fast and more secure payment method to more than 20 Chevron stations
SAN RAMON, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Oct. 6, 2015-- Visa Inc. (NYSE:V) and Chevron U.S.A. Inc. (NYSE: CVX) today announced they will launch a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC (near-field communications) payment service. The program, launching later this fall at select Chevron stations in San Francisco and Silicon Valley, will offer consumers a simple and more secure way to pay at the pump with a range of mobile payment services. Already, an estimated 80 percent of Chevron customers in the U.S. pay for gas at the pump using a credit or debit card.
“Mobile payments are moving into the mainstream in the U.S. because, more and more, consumers see the value of using their personal devices to purchase everyday items like groceries and gas,” said Jim McCarthy, executive vice president of innovation and strategic partnerships at Visa Inc. “Chevron has always focused on giving their customers great experiences by offering convenient ways to pay and being committed to protecting against fraud. For this reason, they are who we want to help us broaden both the reach, and consumer understanding of the many mobile payment options in the market today.”
“We are continually looking for ways to improve the customer experience at our stations and further expand our offering of mobile payment solutions at the pump,” said Glenn Johnson, general manager, Americas Products marketing sales and services, Chevron. “This new program with Visa further solidifies our commitment to delivering high-quality products and services in a more secure and convenient environment.”
As the payments industry increasingly shifts from plastic to digital, new technology advances from Visa and its partners are helping merchants like Chevron and its retailers offer their customers a simple and more secure purchasing experience, regardless of where they are and what device they are using. With security at the core of the mobile purchasing experience, Chevron customers can feel confident that each transaction is authorized through the Visa Token Service, which uses a unique digital identifier to process consumer payments without exposing actual account details.
“With my travel and training schedule, I rely on my mobile phone to do so much more than keep in touch with friends, family and fans,” said Carli Lloyd, soccer champion. “Even better, is when I can use my phone to do something faster, like paying for something with just a tap.” To see Carli pay at the pump, please visit: https://youtu.be/4S6CJE2uSac
Chevron Corporation is one of the world’s leading integrated energy companies. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power and produces geothermal energy; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.
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Source: Visa Inc.
Braden Reddall, 925-790-6247
Kryssa Guntrum, 415-805-4488