The concept for Chase BLACK is where mobile tech meets your traditional debit and credit cards, consolidating them into one. The card will be linked to you chase account where you will be able to upload up to 7 card accounts. QR codes will also be incoporated to the new way chase banks. Options for cardless purchases and mobile deposits are some new features. The idea is to offer financial flexibility when making purchases.
Choose Cardless Purchase in menu.
1 Scan barcode on merchant receipt and the Chase BLACK. application will be prompted.
2 Choose one card account you would like to use for transaction.
3 Enter PIN after code scan and sign merchant copy to complete transaction.
When issuing a business or personal check. You will be able to scan the barcode giving it an exact amount either through your computer or your mobile phone. Once scanned the code will be set. If you're a business each employee will be given their own personal deposit QR code. If the code from the issuer does not match the code the issuer set the check payable to, the transaction will be denied for security.
Upon receiving a check. You will have the option to deposit through scanner at a local branch atm, computer web cam, or via mobile. Enter your pin before deposit. The system will match codes from issuer with receiver prior to approval of transaction. Once the transaction is completed the check QR code will be destroyed.