NEW YORK—JPMorgan Chase has become the first major U.S. bank to commit to adding tap-and-go technology to its entire portfolio of credit and debit cards.
JPMorgan will introduce the technology as cards come up for renewal or customers open new accounts, Bloomberg reported.
All of the company's newly issued Visa-branded credit cards will have the technology by mid-2019, and every new debit card will offer the feature by the end of next year, Bloomberg said.
JPMorgan's revamped cards will work with the new contactless turnstiles the Metropolitan Transit Authority is introducing at New York subways next year.
“Transit has long been a driver of consumers' payments behavior, and banks have been making sure their cards will work with new contactless systems being introduced around the U.S.,” Bloomberg said.