Chase Paymentech inks five-year First Data deal

Source: First Data

First Data Corp. (NYSE:FDC), a leader in electronic commerce and payment services around the world, and Chase Paymentech Solutions, the world's largest merchant acquirer, today announced a five-year global e-commerce processing agreement.

Under the agreement, First Data International, utilizing its OmniPay processing solution, will provide payment processing services to Chase Paymentech's portfolio of global e-Commerce merchants. The OmniPay merchant processing platform, located in Dublin, Ireland, will process transactions for Chase Paymentech's merchant portfolio, in most major currencies on a single platform in all markets where Chase Paymentech's merchants are based.

"As we continue to expand our capabilities to drive the growth of our merchants, we seek partners with scale and presence in international markets," said Mike Duffy, Chief Executive Officer of Chase Paymentech Solutions. "With First Data's OmniPay unit, we have access to a range of global wholesale payment services that are compliant with cross-border card schemes and local regulations. This ensures that Chase Paymentech can expand its legacy of providing merchants with integrated payment solutions in a timely and cost-effective manner."

Speaking today about this new partnership, Brian Connolly, OmniPay CEO, said: "The OmniPay team here in Dublin continues to enhance its customer offering by constantly building new functionality, which facilitates global eCommerce. Winning this business consolidates OmniPay's position as the leading global merchant processing platform in the world today."

OmniPay's technology platforms and processing solutions enable banks and institutions to compete in new geographic markets.

Commenting on the agreement, Pam Patsley, President, First Data International, said: "First Data is delighted to strengthen its long-standing relationship with Chase Paymentech Solutions, and we look forward to further growing this partnership. Our OmniPay solution is an integral part of our worldwide merchant strategy providing our acquiring partners with flexible solutions to meet their needs."

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