Visa, Chevron to introduce mobile payments in pumps

Visa opens technology development center in Bangalore

Visa and Chevron U.S.A. will launch a mobile payments program this year at select Chevron stations in San Francisco and Silicon Valley.

The program will offer consumers simple and 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.”

The payments industry is increasingly shifting 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.

Visa underlined that 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.

In September, Visa launched  a new specification to use biometrics with chip card transactions, designed to work with the Europay, MasterCard, Visa chip industry standard.

Arya MM

[email protected]

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