Visa and Chevron U.S.A. have partnered to introduce mobile payments program at Chevron-branded gas stations enabling drivers to pay for their purchases using an NFC-enabled device.
The transactions by Chevron customers will be authorized via the Visa Token Service, which uses a digital identifier to process consumer payments without exposing actual account details.
The companies will introduce the program later this fall at select 20 Chevron stations in San Francisco and Silicon Valley.
Visa executive vice president of innovation and strategic partnerships Jim McCarthy said: "Mobile payments are moving into the mainstream in the US because, more and more, consumers see the value of using their personal devices to purchase everyday items like groceries and gas.
"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 companies estimate that already 80% of Chevron customers in the US pay for gas at the pump using a credit or debit card.
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By GlobalData
