NEW YORK, May 22, 2019 /PRNewswire/ -- Chase customers
can soon benefit from an easier way to get around town by tapping
their Visa contactless cards to ride New
York City's subways and buses, removing the need to stand in
line to purchase or load a separate transit card.
Experience the interactive Multichannel News Release here:
https://www.multivu.com/players/English/8542651-visa-chase-tap-to-ride-nyc/
Taking public transportation to get to and from work, school or
home is a critical part of daily life but can often lead to
friction for riders. More than two-thirds (67%) of riders have
missed a train while waiting in line to reload a transit card,
according to a recent Visa survey of more than 1,000 New Yorkers
who take public transportation. Eight out of ten (83%) people
surveyed said they have had trouble getting their transit card to
work at the turnstile. And two-thirds (66%) have left or forgotten
funds on a transit card, at an average of $35.10 lost. Customers can soon simply tap their
Chase Visa contactless cards or mobile device at the turnstile to
ride the subway or bus. Whether a local or visitor to New York City, the rider experience is the
same – fast, easy and secure.
Today, about 20 million Chase customers have Visa contactless
credit cards, and contactless debit cards are on track for this
summer. That will also include debit cards for Chase Secure Banking
customers, a low-cost bank account that opens Chase accounts to
even more New Yorkers and public transit riders.
"Customers have been quick to adopt tap to pay and we've already
seen it exceeding digital wallet use for customers who have
contactless cards," said Abeer
Bhatia, president of Card Marketing, Pricing and Innovation
at Chase. "Now they will be able to tap to pay for their daily
transit needs, and experience how quick and easy it is to checkout
thanks to contactless cards."
Starting May 31, riders can tap to
pay and ride at subway stations along the 4/5/6 lines between the
Grand Central-42nd St. station and the Atlantic
Ave-Barclays Center station, and on all Staten Island buses. Over time, all
New York City subway lines and bus
routes will accept contactless payments.
"Contactless payments have shaped the way consumers pay all over
the world, saving valuable time and delivering a fast, easy and
secure way to pay. We are excited to be working with Chase and the
MTA to improve New Yorkers' daily routines with an easier way to
not only get around, but also pay for the things they buy every
day," said Dan Sanford, Global Head
of Contactless Payments, Visa.
The Chase merchant services team also worked on the creation and
implementation of a new payment system to help the MTA accept tap
to pay for its new OMNY fare payment system. This allows consumers
to use their own tap to pay cards and mobile wallets to travel,
providing passengers a speedy experience at the
turnstiles. The technology will be available to other transit
systems.
The MTA is the first U.S. transit agency to implement
contactless payments using Visa's global transit framework,
allowing riders to use any Visa credential – whether it be a Visa
contactless card, mobile device or wearable – with the same trust
and security as any other payment processed on Visa's global
payment network.
"This is another example of our sustained investment to help New
Yorkers move around the city and find new ways of making it easier
to get to where they want to go," said Al Putre, OMNY Program Executive, MTA. "We're
happy Chase Visa customers can benefit from the new
OMNY contactless fare payment system right away and look
forward to delivering the new technology throughout New York."
Visa and Chase showcased how riders can tap to ride using Chase
Visa contactless cards at The Visa Tap Room, an interactive event
featuring a special performance by Liam
Payne and appearances by football stars Eli Manning and Sterling
Shepard.
Chase customers can learn more and request a new contactless
card by visiting TaptoRideNYC.com.
About Visa Inc.
Visa Inc. (NYSE: V) is the world's leader in digital
payments. Our mission is to connect the world through the most
innovative, reliable and secure payment network - enabling
individuals, businesses and economies to thrive. Our advanced
global processing network, VisaNet, provides secure and reliable
payments around the world, and is capable of handling more than
65,000 transaction messages a second. The company's relentless
focus on innovation is a catalyst for the rapid growth of connected
commerce on any device, and a driving force behind the dream of a
cashless future for everyone, everywhere. As the world moves
from analog to digital, Visa is applying our brand, products,
people, network and scale to reshape the future of commerce. For
more information, visit About Visa, Visa
Blog and @VisaNews.
About 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 $2.7
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:
Nearly 5,000 branches, 16,000 ATMs, mobile, online and by phone.
For more information, go to Chase.com.
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SOURCE Visa; Chase