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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 2012, a data breach at Global Payments affected 1.5 million credit and debit card numbers. [ 37 ] [ 38 ] This breach eventually cost the company around $100 million. [ 39 ] In 2015, a technical fault with Global Payments' systems led to thousands of British businesses being unable to accept credit card payments on Valentine's Day weekend.
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WePay is a privately held company that offers payment capabilities to business platforms, making money through charging service fees when processing funds. WePay enables payments to platforms through its APIs. WePay offers fraud and risk protection as a service through its proprietary risk prevention system and through several third party vendors.
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