Energy major Chevron to accept Apple Pay mobile payment system

Energy major Chevron to accept Apple Pay mobile payment system

In a recent announcement, Chevron Corp. - the second-biggest oil company in the US - has revealed that it will soon be accepting Apple's new Apple Pay mobile payment system.

The announcement implies that Chevron is the latest company partnering Apple for the Apple Pay platform. Already, Apple has worked out partnerships with over 500 banks and a number of retailers, so as to ensure widespread support for the forthcoming Apple Pay service in the US.

The much-touted Apple Pay mobile Pay mobile payment service is scheduled to be launched on Monday, October 20. The new service will be launched alongside iOS version 8.1 --- a software update which will enable mobile payments via iOS devices.

About its partnership with Apple for the new service, Chevron said that the Apple Pay mobile payment system - which essentially consumers to pay with their iOS devices instead of credit or debit cards - will soon be accepted Chevron and Texaco stations.

Chevron, which took over Texaco in 2001, revealed that the Apple Pay service will be rolled out to 3,000 Chevron and Texaco stations before the holiday season this year. Subsequently, the service will also be made available at an additional 5,000 stations.

In reference to the move, Chevron spokesman Braden Reddall said: "Initially, Apple Pay payments will be made in the store, but we are working along with Apple Pay on developing the technology out at the fuel dispensers as well."

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