Verifi, Inc. signs a preferred partner agreement with Chase Paymentech.
Beverly Hills, California (March 3, 2009) — Verifi, Inc., the leading provider of transaction risk management services for card-not-present merchants, today announced that the company has signed a preferred partner agreement with Chase Paymentech.
Chase Paymentech is a global leader in payment processing and merchant acquiring, processing more than half of all Internet transactions.
Verifi will recommend Chase Paymentech as a preferred merchant account provider to its merchant customers, and will provide its transaction risk management services, including chargeback prevention and management, to Chase Paymentech’s card-not-present merchants.
“Verifi has already had success in working with our merchants to help them identify transaction risk, and has put effective measures in place that not only allow them to control chargebacks, but also help them operate more efficient and profitable businesses,” said Rob Lyons, Vice President, Technology Alliances, for Chase Paymentech.
“We are very pleased to be partnering with Chase Paymentech, the recognized leader in card-not-present transaction processing, and we look forward to working jointly with them to help our mutual clients identify and manage their transaction risk,” said Jennifer Schulz, Chief Operating Officer of Verifi.
About Chase Paymentech
Chase Paymentech, a business unit of JPMorgan Chase, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company’s state-of-the-art platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing.
With a legacy of innovation and vision in electronic payments, Chase Paymentech has promoted the growth of e-commerce worldwide. The company continues to fuel the success of the Internet’s largest brands, currently processing more than 50 percent of all Internet transactions. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding, Chase Paymentech’s consultative approach helps today’s small and emerging businesses become tomorrow’s industry leaders. 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 www.ChasePaymentech.com.
Verifi, an award-winning provider of end-to-end payment protection and management solutions, was founded in 2005 to help our clients effectively manage the payments challenges they face every day. Verifi helps merchants safely process payments, combat fraud, prevent and resolve costly chargebacks, as well as increase billings andkeep loyal customers. Our best-in-breed solutions and white glove support are trusted by a wide range of industries from emerging companies to the Fortune 500. Headquartered in Los Angeles, California, we process more than $20 billion transactions annually and currently serve more than 8,900 accounts globally. For more information, visit:www.verifi.com.
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