Wal-mart (WMT) Will Begin Processing Payments via ChaseNet (JPM)
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
Chase (NYSE: JPM) announced that it has expanded its relationship with Walmart (NYSE: WMT) to process payments on ChaseNet, the bank's closed-loop network, at its 5,000+ Walmart and Sam’s Club locations in the U.S. and at Sam’s Club ecommerce.
ChaseNet offers businesses guaranteed, fixed-rate pricing for Chase Visa® credit and debit payments for the term of the contract. Chase already processes payments for Walmart’s ecommerce channel.
“Engaging Chase with a direct processing relationship has been a priority for Walmart for some time,” said Mike Cook, Sr. Vice President and Assistant Treasurer at Walmart. “Walmart is always looking for innovative ways to improve the payment experience for our customers while also creating competition in the payments industry. We are excited to work with Chase to help our customers save time and money.”
“We are pleased to expand our relationship to offer consumers a convenient, secure payment experience,” said Matt Kane, CEO of Chase Commerce Solutions.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Finjan Holdings (FNJN) Receives European Patent Related to Adaptive Rule-Based Content Scanners
- Mallinckrodt (MNK) Announces Court Affirmation to Stay Litigation Pending FDA’s Approval Withdrawal Proceedings Outcome
- UPDATE: Analogic (ALOG) CEO Green Resigns; Successor Named
Create E-mail Alert Related CategoriesCorporate News
Related EntitiesJPMorgan, Twitter
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!