Business Services Industry
Think Partnership Chooses Chase Paymentech to Optimize Payment Processing Procedures and Costs
Business Wire, May 15, 2007
CLEARWATER, Fla. -- Think Partnership Inc. (AMEX:THK), an international leader in interactive performance-based marketing and related Internet technologies has chosen Chase Paymentech, LLC for payment processing.
Think Partnership has a large base of recurring charges from products and services including pay per click advertising, dating, education and home-based business opportunities. The company was able to leverage this weight to negotiate a competitive rate for credit card processing.
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"The rate that we've negotiated with Chase Paymentech will offer us a significant savings on our per-charge processing costs, allowing a larger portion of each charge to make it to the bottom line," said Jody Brown, Think Partnership's chief financial officer. "We'll also see administrative benefit by consolidating the processing for many of our subsidiaries into one set of procedures through this single processor."
The company will begin migrating payment processing for many of their businesses throughout the month of May.
About Chase Paymentech Solutions, LLC
Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, is the world's largest merchant acquirer accepting payments at the point of sale, hospitality, internet, retail, catalogue and recurring billing. The privately-held company is an end-to-end processor for merchants of all sizes and industries. The company processed approximately 18.2 billion transactions in 2006, with more than $660.6 billion in annual bankcard and debit volume. Chase Paymentech's customer base reflects the most respected brands in the world. It represents more than 600,000 merchants with nearly one million locations globally. Chase Paymentech is a joint venture between JPMorgan Chase & Co. and First Data Corp. Learn more about Chase Paymentech at http://www.chasepaymentech.com.
About Think Partnership Inc.
Think Partnership Inc. is an international leader in interactive performance-based marketing and related Internet technologies. Think provides a comprehensive and integrated set of scalable and cost-effective marketing solutions for both advertisers and publishers. These solutions increase customer retention and revenues through a diverse set of related marketing channels, including affiliate marketing, click-fraud-protected pay-per-click advertising, lead generation, interactive direct marketing, integrated offline advertising, campaign management, public relations, and branding. Think also operates several direct-to-consumer services including online dating, online education, and home business opportunities. High-profile brands include ValidClick[TM], PrimaryAds[TM], iLead Media, KowaBunga![R], BabyToBee, Second Bite[TM] and MarketSmart. For more information, visit www.thinkpartnership.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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