Business Services Industry

MainStream and Chase Paymentech Provide Merchants with Expanded Payment Choice and Added Security

Business Wire, Oct 10, 2007

Agreement provides improved network access and greater revenue opportunities

ATLANTA -- MainStream Merchant Services, Inc., a leading provider of merchant payment processing solutions, announced today that it has become an independent sales organization (ISO) for Dallas-based Chase Paymentech, the world's premier provider of payment services.

MainStream provides merchants with custom gift card programs, PC and Web-based debit and credit card processing and the latest in point of sale (POS) terminals. With this agreement, MainStream customers will now benefit from access to Chase Paymentech's full offering of payments products and services, including the industry-leading secure, proprietary payments authorization network.

"MainStream's team is experienced in providing merchants of all sizes with payment processing solutions to create a competitive advantage and grow their revenues," said Kevin Sisk, Group Executive, Strategic Partners, Chase Paymentech. "This experience, combined with Chase Paymentech's spectrum of products and industry-leading customer service, will give merchants access to an expanded suite of payment services."

"As merchants look for ways to expand revenue opportunities and grow their businesses, our relationship with Chase Paymentech ensures that MainStream will always be able to meet their needs, no matter how unique," said Jerome Vignale, president of MainStream. "Further, Chase Paymentech's state-of-the-art network provides merchants with an additional layer of security. As the payments landscape continues to evolve, we will work with Chase Paymentech to ensure customers stay ahead of the curve."

About MainStream Merchant Services

MainStream Merchant Services[TM], Inc. is a leading provider of merchant payment processing solutions. The company leverages industry experience and competitive rates with the latest in point of sale (POS) terminals to enable customers to make payment processing a competitive advantage - not just an additional cost. MainStream helps merchants to expand revenue opportunities by creating solutions, such as custom gift card programs and PC and Web-based card processing, specifically tailored to meet the customer's needs.

MainStream is a registered independent sales organization (ISO) of Chase Paymentech, the world's largest merchant acquirer. To learn more about MainStream, visit the company's Web site at http://www.MainStreamMS.com or call 800-985-0087.

About Chase Paymentech

Chase Paymentech Solutions, LLC is a leading global payments firm and the world's largest merchant acquirer, transacting payments in 140 currencies. In 2006, the privately-held company processed approximately 18.2 billion payment transactions, 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, including 75 percent of leading ecommerce business and more than 600,000 merchants in nearly 1 million locations worldwide. Chase Paymentech is a joint venture between JPMorgan Chase & Co. and First Data Corp. Learn more at www.chasepaymentech.com.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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