Market Overview

Chase Pay and Samsung Pay Join Forces


Wallets now link so Chase customers can pay by mobile practically

Starting today, Chase Pay customers with compatible flagship Samsung
Galaxy smartphones now have the option to link Chase Pay to Samsung Pay.

This means that customers will now be able to use Samsung Pay's Magnetic
Secure Transmission (MST) technology, along with NFC, to pay with the
Chase Pay app at millions of merchants in the United States by simply
tapping the payment terminal.

Bringing together the two wallets offers Chase cardholders more ways to
pay with their mobile phones and at more places. Samsung Pay is accepted
at nearly all payment terminals, making it the most widely accepted
mobile payment product in the United States.

Consumers that link Chase Pay to Samsung Pay will be able to earn both
Samsung Rewards points and for eligible Chase cards, Chase Ultimate
Rewards points, for the purchases they make. In addition, both consumers
and businesses will benefit from the Chase Pay app's pay with points
feature, which allows customers to redeem Chase Ultimate Rewards points
at checkout for a statement credit. Many merchants large and small will
be able to let their customers use Chase Pay as a payment method at no
extra implementation cost.

"Now our customers can use the Chase Pay app at millions of merchants
around the country. And Chase Ultimate Rewards customers can redeem
their points more easily," said Jennifer Roberts, head of Chase Pay.

Chase Pay is a mobile app and digital engagement platform that enables
users to pay merchants in stores and online. Any Chase customer with an
eligible personal Chase Visa debit or credit card, like Chase Sapphire
or Freedom, can use Chase Pay, and cards are preloaded for convenience.
Customers can also use the Chase Pay app to pay with points at checkout
towards a statement credit, pay at the pump, order and pay for takeout,
and to access special offers.

"Our vision for Samsung Pay is to create the most rewarding mobile
shopping experience, whether consumers checkout at a physical merchant
or find great deals within the Samsung Pay app," said Sang Ahn, VP and
General Manager of Samsung Pay at Samsung Electronics America. "We're
thrilled to bring Samsung Pay's unique technology for the benefit of
both Chase and Samsung's customers by offering consumers more choices
and better mobile payment experiences."

Samsung Pay is the mobile wallet and payments platform that makes it
easy to use your phone to pay at practically any cash register where you
can swipe a card; all you have to do is tap to check out. Consumers can
also earn Samsung Rewards points for every eligible purchase with
Samsung Pay.

For more information about Chase Pay, visit
For more about Samsung Pay visit
Both apps are available on the Google Play store.

About Chase

Chase Pay is the digital engagement tool from Chase. Chase is the U.S.
consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.5
trillion and operations worldwide. Chase serves nearly half of America's
households with a broad range of financial services, including personal
banking, credit cards, mortgages, auto financing, investment advice,
small business loans and payment processing. Customers can choose how
and where they want to bank: 5,100 branches, 16,000 ATMs, mobile, online
and by phone. For more information, go to

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, N.J., Samsung Electronics America,
Inc. (SEA), is a recognized innovative leader in consumer electronics,
mobile devices and enterprise solutions. A wholly owned subsidiary of
Samsung Electronics Co., Ltd., SEA is pushing beyond the limits of
today's technology and providing consumers and organizations with a
portfolio of groundbreaking products in appliances, home entertainment,
Internet of Things, mobile computing, smartphones, virtual reality,
wireless infrastructure and wearables, in addition to offering leading
content and services related to mobile payments, 360-degree VR video,
customer support and more. Samsung is a pioneering leader in smartphones
and HDTVs in the U.S. and one of America's fastest growing home
appliance brands. To discover more about Samsung, please visit
For the latest Samsung news, please visit
and follow us @SamsungNewsUS.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative
ideas and technologies. The company is redefining the worlds of TVs,
smartphones, wearable devices, tablets, digital appliances, network
systems, and memory, system LSI and LED solutions. For the latest news,
please visit the Samsung Newsroom at

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