05-28-2008, 11:10 AM
Quote: Major e-commerce payment processor Chase Paymentech Solutions LLC announced today it will be divided in two by the end of the year, which could result in more competition for the payments business of online retailers.
This is likely to be very good news for e-retailers as Paymentech makes pretty fat margins on their business currently, due mainly to their legacy reputation for being a leader and innovator, says Steve Mott of consulting firm BetterBuyDesign.
Chase Paymentech is a joint venture that First Data Corp. and various bank partners have operated for 12 years...
full article: http://www.internetretailer.com/dailyNews.asp?id=26517