Using the Chase Mobile Checkout application and encrypted card reader, the merchants can now securely and efficiently accept card payments from their smartphones, claims the company.

Chase Paymentech president Dan Charron said, "Chase Checkout is a ‘one-stop shop’ for small-business owners: one agreement, one system, one statement and one trusted merchant services’ relationship to manage."

The new application enables the traders to accept debit and credit card payments effectively and securely, whether a card is swiped on a merchant’s Apple or Android enabled smartphone, entered online or provided at a retail location.

Chase Checkout provides merchants the convenience of working with one trusted provider, with integrated reporting, 24/7 live US based customer support and a commitment to security- when accepting payments through mobile checkout, retail checkout and online checkout.

Chase Paymentech provides e-commerce merchants, and merchants who accept telephone orders, a suite of PCI-compliant and easy-to-use web-based payment processing options accessible with a merchant’s existing computer.

Chase Mobile Checkout is suitable for traders who are interested in growing their business by taking payments wherever their business takes them.

Chase operates as the US consumer and commercial banking business of JP Morgan Chase & Co, a global financial services firm with assets of $2.4trn and operations in more than 60 nations.