Each time customers tap their Chase Visa
contactless cards on MTA subways and buses, the companies will
donate to local nonprofit New York Cares, up to a total of
$250,000
Chase (NYSE: JPM) and Visa (NYSE: V) have announced that
starting today and through September, when riders tap on MTA
subways or buses with a Chase Visa contactless card, they will
donate 10 cents per tap, up to $250,000, to local nonprofit New
York Cares.1
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the full release here:
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Tap to Pay is Here to Stay (Graphic:
Business Wire)
Whether a resident or visitor to New York City, tapping to ride
is a quick, easy and secure way to get around New York. Now, riders
who tap with their Chase Visa contactless card can also give back
to local nonprofit New York Cares, the largest volunteer network in
the city, which has been vital in supporting the local community
throughout the challenges of the pandemic.
Visa’s Future of Urban Mobility study found that 88% of surveyed
riders globally expect contactless payment options on transit2.
Today, tap-to-pay usage on MTA public transport is up more than
225% since the start of the year3. Riders who are comfortable
returning to subways and buses can get around by simply tapping
their Chase Visa contactless cards - no standing in line to
purchase or load a separate MetroCard® required.
Legendary running back, Saquon Barkley, is joining the effort to
give back to New York Cares by tapping to pay on the MTA with his
Chase Visa contactless card.
“One of the things I’ve missed most about riding the subway in
New York is the connection with my community—whether it be meeting
fans, watching musicians perform on the platforms, or seeing new
art in the stations—it’s those unexpected moments that make the
experience standout,” said Saquon Barkley. “As we start returning
to the subway, I’ll be tapping my Chase Visa card to ride, and to
support New York’s recovery, because Chase and Visa will donate to
New York Cares.”
“The pandemic has taught us that we are all in this together,
and New York Cares has done a phenomenal job of enabling New
Yorkers to help each other out. We are proud to support their
work,” said Rory Wilson, vice president of marketing strategy for
contactless payments at Chase. “Chase has issued more than 50
million contactless debit and credit cards to customers and tapping
to pay has emerged as one of the fastest growing trends in the
payments industry. Chase saw a significant increase in customers
who use tap to pay and tap transaction volume has grown 126% in
2021. Since Chase launched contactless cards, customers have made
more than 1.2 billion tap to pay transactions.”
Contactless payments continue to gain popularity around the
globe, with more consumers looking for experiences where they can
tap to pay. Today, the United States has surpassed 370 million
tap-to-pay-enabled Visa cards4, and now has three cities where 25%
of in person Visa payments are made with a tap5, one of them being
New York which is nearing 30%.6
“The popularity of contactless payment options has been on the
rise for a long time, and as cities and transit operators continue
to navigate pandemic-related challenges, riders expect tap to ride
to be a regular part of their daily commute,” said Mary Ann Reilly,
SVP and Head of North America Marketing, Visa. “Together with
Chase, we’re proud to support New York Cares, who have helped
volunteers distribute 44 million meals, and serve more than 261,000
hours since the beginning of the pandemic in March 2020.”
“We are honored that Chase and Visa have chosen to support New
York Cares and give back to the community at a time when the city
and its residents really need it,” said Gary Bagley, Executive
Director of New York Cares. “Since the beginning of the pandemic,
New York Cares volunteers have given back on the ground in a safe
and contact-free way. Tapping to ride on the MTA allows for a more
seamless and touch-free experience, something that we at New York
Cares feel is important in helping people return to riding
safely.”
Riders using MTA subways and buses can use a Chase Visa
contactless card with the same trust and security as any other
payment processed on Visa’s global payment network. Chase, Visa,
and the MTA are committed to getting New Yorkers back on transit
safely.
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 $3.7 trillion and operations
worldwide. Chase serves more than 60 million American 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: More than 4,800 branches in
48 states and the District of Columbia, 16,000 ATMs, mobile, online
and by phone. For more information, go to chase.com.
About New York Cares
New York Cares is the largest volunteer network in the city.
Last year, 52,000 New Yorkers made the city a better place by
volunteering in New York Cares programs at over 1,100 nonprofits
and schools – improving education, meeting immediate needs, and
revitalizing public spaces. For more information, visit
newyorkcares.org.
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 digital commerce on any device
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.com/blog and @VisaNews.
1 Visa and Chase will donate $.10 per qualifying Chase Visa
contactless card transaction (excluding mobile wallet transactions)
made for a single ride fare with the MTA within NYC, up to a
maximum donation of $250,000. Ends 9/30/2021 or when maximum
donation amount is reached. For more info about New York Cares:
https://www.newyorkcares.org/ 2 Visa “Future of Urban Mobility”
survey: June 2021 (conducted by Wakefield Research among 9,000
adults who take public transportation in nine markets: US,
Singapore, Australia, Canada, UK, Mexico, S. Africa, Italy and
France) 3 Metropolitan Transportation Authority Data, July 2021 4
Visa Data 2021 5 Visa Data 2021 6 Visa Data 2021
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version on businesswire.com: https://www.businesswire.com/news/home/20210830005082/en/
Caylah Novak cnovak@visa.com 831-431-3454
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