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The brand Paymentech was created in the year 1996 and the Initial public offering (IPO) was executed in the same year. Paymentech acquired Gensar, which later became Paymentech Network Services, Tampa, and Merchant Link in 1996. In 1997, Chase Paymentech was created as a joint venture between Chase Merchant Services and First Data Corporation ...
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In late 2017, the company acquired a former Citigroup card production facility in Columbus, Ohio and invested $25 million to build out a second, 200,000 square feet (19,000 m 2) credit card production facility, with a capacity to produce 67 million credit cards per year. [67] In January 2018, the company acquired Cayan for $1.05 billion. [68]
This newly created role will oversee Chase's growing payments and merchant services business including Chase Paymentech, Chase's merchant offers business, as well as Chase's recently-announced ...
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In January 2007, Versapay partnered with the Canadian affiliate of Chase Paymentech, a United States-based payment processing company.This strategic partnership allowed Versapay to begin processing commonly used electronic payment methods such as Visa, MasterCard, American Express, Discover, JCB, Interac Direct Debit and Interac Online.
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers.
The first Chase branded products in the UK were launched in September 2021. [25] It was named the fastest-growing fintech app in 2022, beating the likes of Starling and Monzo. [26] In May 2023, Chase announced it had attracted over 1.6 million customers since it launched in the UK, and held £1.5 billion of customer deposits. [27]
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