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 US, 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.
Shell retail marketing North America GM and vice president Craig Schneider said: "We recognize consumers are looking to mobile solutions for everyday needs, including shopping, travel, restaurant reservations and more.
"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.
Chase strategic alliances and loyalty solutions president Jennifer Roberts said: "As industry leaders, we will work together to change how consumers purchase fuel, ultimately driving more brand loyalty."
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.
Chase commerce solutions executive director of global enterprise solutions Tom Nipper said: "Together, we’ll make it easier at Shell stations for the growing number of customers who pay with their mobile phones.
"It will help deepen our relationship with our common customers and reinforce the value of the Fuel Rewards program."