Paymate selects Chase Paymentech for Global Payments Processing
DALLAS TX / WOODSIDE CA – November 3, 2009
Paymate Global Inc., an alternative payment provider, has selected Chase Paymentech, a leading merchant acquirer and payment processor, to process its online payments for its small to medium size businesses.
As an integrated payment provider with companies such as eBay, Paymate Global provides online payment solutions for small and mid-sized e-retailers. The company provides a secure interface and gateway from which consumer credit card holders can make payments to purchase goods and services through Paymate. The company also acts as a back office service provider, delivering email notices to consumers to collect payments on behalf of its retailers. A subsidiary of JP Morgan Chase and a global leader in merchant acquiring, Chase Paymentech will process Paymate’s credit card transactions. “Paymate has entered a new phase in its evolution with Chase Paymentech as our partner. This arrangement enables us grow into new markets, not only in North America but globally,” indicated Garrett Gafke, CEO of Paymate. “The Chase Paymentech global platform positions us to compete with the world’s leading payment providers and assures our small and medium business customers receive world-class performance online.” “We are enthusiastic about the partnership with Paymate, and the opportunity it represents as we expand our reach into the micro-merchant segment”, said Greg Worch, Senior Vice President, Chase Paymentech. About Chase PaymentechChase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. In 2008, Chase Paymentech processed more than 21.4 billion transactions with a value exceeding $713.9 billion*, including an estimated half of global Internet transactions. The company also provides a full set of solutions aimed at accelerating cash flow and managing transaction data. On the Internet or at the point of sale, Chase Paymentech’s unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com. *For the period January 1, 2008 through October 31, 2008, the data presented represent activity for the Chase Paymentech Solutions joint venture and for the period November 1, 2008 through December 31, 2008, the data presented represent activity for Chase Paymentech. About Paymate Paymate is a US company headquartered in Woodside, CA in addition to offices in Sydney, Australia, and Ontario Canada. Paymate was approved as an integrated payment method on www.ebay.com early in 2009. Paymate also offers a risk-managed gateway called Paymate Sentinel (www.paymate.com/sentinel) for larger merchants entering risky markets, to replace traditional gateways. Paymate offers credit card payment services with the benefits of superior risk management, faster payments direct to bank accounts, back office support and personalized client service.See: www.paymate.com. |
