Tag: best buy

Chase to launch its own mobile payments services in 2016

JP Morgan Chase sees major promise in the mobile commerce market

JP Morgan Chase is preparing to launch its first mobile payments service, called Chase Pay. The company expects that the service will be launched in the middle of 2016, competing with other companies that have already released their own payment services. JP Morgan Chase sees significant promise in the mobile payments space, as many consumers are beginning to use their smartphones to shop for products both online and in physical stores.

Chase Pay aims to make it easier for consumers to shop for and purchase products that they may be interested in

Chase Pay will allow consumers to pay for goods and services in physical stores as well as within mobile applications. Retailers are expected to support the mobile payments service, allowing customers to pay for products through their mobile websites. The service will be available to approximately 94 million Chase customers. Notably, Chase has partnered with Merchant Customer Exchange, which has also been working on its own mobile payments platform that is designed specifically for large retailers.

Large retailers are looking for ways to engage mobile shoppers

Mobile Payments - JP Morgan ChaseThe Merchant Customer Exchange’s CurrentC platform is meant to provide large retailers with a way to effectively engage mobile consumers. The organization itself is comprised of large retailers, such as Walmart, Target, and Best Buy. These retailers have all agreed to use the CurrentC platform, but the service has yet to see a commercial release. As such, retailers are looking for ways to embrace mobile payments in order to better serve consumers that are interested in shopping with their smartphones and tablets.

Chase Pay may be able to compete with other services if it manages to provide better security

Chase Pay will face significant competition from services that have already established a foothold in the mobile commerce space. Whether or not the service will prove popular among consumers may depend on the security features it offers. Security has been a significant problem for the mobile commerce space for some time, with many consumers citing recent data breaches as the reason they will not use mobile payments services.

The Apple Watch will soon be available at Best Buy

As of August, the smartwatch will be making its way to 100 of the brand’s electronics stores.

It has recently been announced that people who want to buy the Apple Watch will soon have 100 more places in which to make the purchase, as that many Best Buy locations will be placing that smartwatch on their shelves.

Another 200 Best Buy stores will be adding the smartwatch to their offerings before the holiday shopping season.

This greater availability of the Apple Watch may play an important role in boosting the sales of this device. This could be especially true when Best Buy has added the smartwatch to the total 300 locations that will be carrying it, as well as on its website. At the moment, the number of places where the gadget can be purchased is quite limited. By boosting the convenience to the consumer, it is more likely that people will start to consider whether or not they actually want it.

Certain models of the Apple Watch will start to be sold at Best Buy as of August 7 and will be priced from $350 and up.

Apple Watch available at Best BuyAccording to Best Buy senior category officer, Jason Bonfig, “The Apple Watch is a big addition to our stores and website, and we know our customers want it.” Bonfig’s statement also went on to say that “We are excited to bring the Apple Watch to more consumers, especially with the holidays coming up.”

Of the total of 30 different smartwatches that have been created by the brand, Best Buy has said that they will be stocking 16 of them. These will include devices from both the Spot model and the Watch lines. They will be available in both the 38 mm and the 42 mm sizes. There will be a number of different watch bands and other types of smartwatch accessories that will be sold by the electronics retailer.

The Apple Watch will be far from the only smartwatch that will be available at Best Buy, which is already selling a number of rival gadgets from other brands. The Apple Watch Edition line that starts at $10,000 will not be sold by the retailer.