Sheetz Goes Live With Contactless Payments in all 309 stores

Sheetz, Inc., announced that technology allowing customers to use a contactless payment option is now live in all 309 Sheetz stores. In January 2005, Sheetz became the first retailer in the nation to adopt acceptance of MasterCard(R) Internationals innovative contactless payment option, MasterCard PayPass(TM), across its entire chain. Sheetz today also announces the availability of its own cobranded contactless credit card - the first launch of its kind by any retailer in the nation. The card, issued by Chase Bank U.S.A., N.A., a division of JPMorgan Chase & Co. (NYSE: JPM), utilizes Chases blink contactless functionality enabling use wherever MasterCard PayPass is accepted. The Sheetz MasterCard from Chase allows Sheetz customers to enjoy an even more streamlined and convenient shopping experience and eliminates the need to sign their payment card receipts for all sales under $25. Currently, more than 80 percent of convenience store transactions are less than $25. The card will feature a comprehensive customer rewards program, Sheetz Rewards, which includes the ability to earn free gas with every purchase. Furthermore, the contactless payment card maintains a magnetic stripe, allowing the card to be swiped in the traditional manner anywhere MasterCard is accepted. Sheetz Chase MasterCard cardholders can pay for purchases at Sheetz in- store and at the pump by simply tapping their card on, or holding their card near, a specially equipped terminal - which Sheetz calls its Z-Pass(TM) station - to complete a payment transaction; eliminating the need for customers to hand over their payment card to a store employee, manually swipe it through a reader, or fumble for cash and coins. And, because the Sheetz card is a Chase MasterCard, cardholders will be able to use the card anywhere and earn Sheetz Rewards with every purchase. The new Sheetz card will benefit customers by providing a quick, easy payment method for purchasing fresh made to order food, coffee and other Sheetz products. With the new payment option, Sheetz customers can see their purchasing time reduced between 12 and 18 seconds as compared to cash according to MasterCard tests. And because the system is simpler and faster than cash and other forms of payment, customers can move more quickly through the checkout process. Sheetz believes that its customers will also appreciate the added security of remaining in control of their payment card during payment transactions. Sheetz customers will be able to apply for the Sheetz MasterCard from Chase in their local Sheetz store or by calling 1-866-40-SHEETZ. In addition to earning free gas, the Sheetz MasterCard rewards program offers cardholders a variety of rewards regardless of where purchases are made, including free Sheetz food, a 10 percent rebate on Sheetz purchases for the first 60 days and three percent thereafter. Additional information on the Sheetz MasterCard rewards program is available on he Sheetz website, http://www.sheetz.com.