Posts Tagged ‘Chase Paymentech’

Chase Paymentech and Kount Join Forces to Combat Fraud for ECommerce Merchants

Wednesday, March 31st, 2010

DALLAS and BOISE, Idaho (March 15, 2010) — Chase Paymentech, a leading merchant acquirer and payment processor, and Kount, a Boise, Idaho-based company that specializes in card-not-present (CNP) fraud prevention, today announced an agreement to offer a comprehensive suite of fraud detection, management and prevention tools for merchants.

Chase Paymentech processes a significant share of global CNP payments, in a wide variety of payment methods, and authorizes transactions in more than 130 currencies. Its expertise and fault tolerant infrastructure, paired with Kount’s advanced fraud prevention technology, will introduce a new class of fraud management tools that will significantly improve the reliability and security of card-not-present transactions.

The ability to provide merchants with a real-time fraud score at the time of bank authorization will deliver unparalleled value. This benefit coupled with dynamic order linking, device fingerprinting, proxy piercing and other Kount capabilities will allow merchants to accurately detect and reject a significantly higher percentage of fraudulent orders, saving merchants costly chargeback fees and fines associated with fraud.

“This alliance underscores our commitment to provide merchants with the tools they need to significantly improve and sustain financial performance. Our partnership with Kount offers merchants the first truly integrated fraud-monitoring tool at the point of transaction authorization. This is a significant step toward a global effort to reduce CNP fraud,” said Chase Paymentech president Mike Duffy.

“The result of our partnership with Chase Paymentech will be a new class of tools and utilities for controlling card-not-present fraud,” said Kount CEO Brad Wiskirchen. “The comprehensive suite of products will give merchants a new level of certainty that current and future forms of fraud can be controlled.”

About Chase Paymentech
Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. In 2009, Chase Paymentech processed more than 18 billion transactions with a value exceeding $409.7 billion, including an estimated half of all global Internet transactions. The company also provides a full set of solutions aimed at accelerating cash flow and managing transaction data. On the Internet or at the point of sale, Chase Paymentech’s unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at http://www.chasepaymentech.com.

Contact: Mia Shernoff
mia.shernoff@chasepaymentech.com
1.646-460-4069

About Kount

Kount® is the most advanced fraud-fighting technology available today. Developed with online and catalog merchant needs in mind, Kount defends against both traditional and emerging fraud threats. Kount defeats botnets and other organized crime using a formidable array of tools including two patented technologies — device fingerprinting, and Proxy Piercer® — along with Dynamic Scoring™, Geolocation techniques, and real-time data streams from websites all across the globe.
Kount provides merchants with maximum risk management control and flexibility, while automating costly manual review processes to improve the bottom line. For more information about Kount, please visit www.kount.com.

Contact: Kristen Meador, Clickbank
kristen.meador@clickbank.com
1 303.807.8073

Ingenico Announces Class A Certification from Chase Paymentech Solutions

Saturday, November 15th, 2008

Atlanta, GA (PRWEB) August 15, 2008 — Ingenico, the world’s leader in secure transactions and payment solutions, announced today that they have received Class A certification for their payment transaction terminals running the new EuroPay MasterCard Visa (EMV) application created for Chase Paymentech Solutions. The Ingenico i3070, i5310 and i7780 terminals, running the EMV application, will allow Chase Paymentech merchants to accept chip-enabled credit cards. These credit cards contain a small microchip that securely stores encrypted data using sophisticated security programs. Cardholders must enter a PIN at the time of purchase to complete a transaction. This “chip and pin” combination provides a much higher level of protection against unauthorized or fraudulent use of a credit card.
ingenico

“Chase Paymentech’s certification of the Ingenico terminals is another example of Chase Paymentech’s ongoing commitment to provide advanced technological solutions to its merchants and partners in Canada,” said Paul Browne, VP, Operations for Chase Paymentech Solutions. “As the Canadian payment card industry moves towards chip technology, the EMV standard will provide an even more secure payment environment; assist in reducing card fraud and increase security of card transactions.”

“The requirement for PIN entry on credit card purchases is changing the way restaurants manage card acceptance,” said Lisa Shipley, Sr. VP, Sales & Marketing, Ingenico North America. “Restaurants are now beginning to use Ingenico’s portable and secure payment terminals, allowing the server to bring the transaction directly to the customer. Our product offerings provide a number of solutions that fit many needs, and the software and certification from Chase Paymentech ensure that each transaction is not only convenient, but safe and secure.”

Ingenico’s i5310, i3070 and i7780 are chip-enabled products using the new EMV application. The terminals prompt users of chip-enabled cards for a PIN number on credit card transactions. The i7780, featuring Ingenico’s Pay@Table solution, is a portable and secure payment terminal that allows the server to bring the payment terminal to the table. The i5310 adds the convenience of a built-in, secure PIN pad. The i3070 allows the merchant to locate the terminal out of reach of the consumer for aesthetic or environmental reasons while providing an easy-to-use key pad that can be handed directly to the customer.

About Ingenico

Throughout the world businesses rely on Ingenico for secure and expedient electronic transaction acceptance. Ingenico products leverage proven technology, established standards and unparalleled ergonomics to provide optimal reliability, versatility and usability. This comprehensive range of products is complemented by a global array of services and partnerships, enabling businesses in a number of vertical sectors to accept transactions anywhere their business takes them. For more information about Ingenico, a leading supplier of electronic acceptance technology, please visit www.ingenico-us.com.

About Chase Paymentech

In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario and is an affiliate of Chase Paymentech Solutions, LLC. As a leading payment processor and a single source for debit and all major credit cards, the company offers a full suite of advanced payment solutions, including point-of-sale and wireless terminals, electronic gift card programs and secure e-commerce capabilities. Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, is the world’s largest merchant acquirer for businesses accepting payments via point-of-sale, hospitality, Internet, catalogue and recurring billing. The privately-held company is an end-to-end processor for merchants of all sizes and industries. In 2007, the privately held company processed approximately 19.7 billion payment transactions, with more than $719 billion in annual bankcard and debit volume.

Chase Paymentech’s customer base reflects the most respected global brands, including 70 percent of leading ecommerce business and almost 600,000 merchants in over 1 million locations worldwide.

Chase Paymentech Class A Certifies Hypercom’s Optimum T4200 Payment Terminals

Thursday, March 6th, 2008

PHOENIX — March 6, 2008 — Hypercom Corporation (NYSE: HYC) announced today that Chase Paymentech, the world’s largest merchant acquirer, will immediately provide full merchant and ISO support for Hypercom’s new PCI PED approved, 32-bit multi-application Optimum T4210 (dial) and T4220 (Ethernet with dial backup) electronic payment terminals. The action follows Chase Paymentech’s Class A certification of the two new devices.


Hypercom’s T4200 platform features the highest security, largest memory and broadest feature set of any countertop device family of its kind. The recently introduced Optimum T4200 platform has also received MasterCard Worldwide Payment Terminal Security approval for IP and wireless transactions. The platform incorporates additional security features such as optional privacy shields, Triple DES DUKPT encryption to protect cardholder PINs, and utilizes HyperSafe®32, Hypercom’s exclusive RSA-based security infrastructure to prevent the introduction of fraudulent applications. The platform is compliant with the European Union’s RoHS requirements for hazardous substances.


“We are committed to providing our merchants with secure and reliable processing, innovative payment tools and exceptional transaction security,” said Jennifer Stout, Group Executive Retail Products, Chase Paymentech. “The T4200 continues Hypercom’s benchmark-setting leadership in high security payment products, and provides an innovative solution to fit any customer’s countertop needs.”


“Chase Paymentech’s rollout of our T4200 series adds to the product’s market traction and strongly validates that our advanced security, engineering, features and functions meet an array of merchant needs while ensuring a safe shopping experience for consumers worldwide,” said Gregory Boardman, Vice President, Global Product Marketing, Hypercom Corporation.


Hypercom’s Optimum T4200 family consists of six 32-bit multi-application terminals with a consistent “look and feel” and 19-key keypad layout. The Chase Paymentech Class A certified terminals include models with dial only and Ethernet/SSL/dial backup connectivity. The new terminals join a full array of high-performance Optimum countertop, multi-lane, wireless and portable terminals that have been adopted by leading banks, retailers and independent sales organizations globally, since Hypercom introduced its first 32-bit Optimum product in 2004.


About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The company’s solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits.


About Chase Paymentech Solutions
Chase Paymentech Solutions, LLC is a leading global payments firm and the world’s largest merchant acquirer, capable of transacting payments in 140 currencies. In 2007, the privately-held company processed approximately 19.7 billion payment transactions, with more than $719 billion in annual bankcard and debit volume. Chase Paymentech’s customer base reflects the most respected brands, including 70 percent of leading ecommerce business and almost 600,000 merchants in nearly 1 million locations worldwide. Chase Paymentech is a joint venture between JPMorgan Chase & Co. and First Data Corp.