Chase Paymentech and First Data to Part Ways

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

Chase Paymentech and First Data to Part Ways

05-28-2008, 11:10 AM,

Post: #1

Kristijntje Offline

Super Moderator

Posts: 1,200
Likes Given: 0
Likes Received: 0 in 0 posts
Joined: Oct 2005
Reputation: 0

Chase Paymentech and First Data to Part Ways

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

Al draagt een aap een gouden ring, het is en blijft een lelijk ding

« Next Oldest | Next Newest »

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	Best Practice 6.6 of the PCI Data Security Standard Required As Of June 30	mandy	1	3,228	05-13-2008, 10:03 PM Last Post: jezebel
	To store or not store customer credit card data	mandy	1	2,640	09-29-2007, 03:11 AM Last Post: jezebel
	Pressure mounts for retailers to comply with payment card data security standard	mandy	1	2,913	08-21-2007, 11:30 AM Last Post: mandy
	Update to Payment Card Industry (PCI) Data Security Standard due this summer	mandy	3	3,914	08-13-2006, 01:53 AM Last Post: bargainbloodhound
	6 months after deadline, many e-retailers lag in credit card data security	mandy	1	3,422	01-05-2006, 03:58 AM Last Post: bargainbloodhound

Forum Jump:

Users browsing this thread: 1 Guest(s)