Chase is teaming up with Visa to bring tap to pay to the industry’s largest portfolio of credit cards. In the coming months, millions of Chase customers will be able to save valuable time by completing a transaction with a single tap.
Starting later this year, Chase customers will receive new contactless Visa cards on an ongoing basis as their cards are up for renewal or when they open a new account. Chase Freedom Unlimited and Chase Slate customers will be among the first to receive their new cards. All Chase Visa credit cards, including all co-brand cards, will have tap to pay functionality by the first half of 2019. Chase debit cards will offer the tap to pay feature in the second half of 2019.
With the new feature, a customer taps their card on the reader at millions of places that feature the Contactless Symbol, and the reader confirms payment, often with no signature required. Chase contactless Visa cards include secure EMV Chip technology, which has proven effective at reducing counterfeit fraud. Each contactless transaction produces a one-time code that securely protects payment information.
Globally, tapping to pay is becoming the standard way to check out, with more than 40 percent of all Visa transactions at checkout outside of the U.S. occurring with a tap.