Chase Paymentech Delivers Small Business Payments Processing Directly from Windows Vista Business Desktop
Share:
Groundbreaking online payment tool enables easy access to payments processing
DALLAS, Jan. 30 / - Chase Paymentech, the world's largest merchant acquirer and premier provider of payments processing services, announced today that it will provide credit card payment processing to small businesses via Windows Vista Business operating system, which went on sale today. Chase Paymentech's integration into Windows Vista Business provides a significant advantage for small and medium-sized businesses, eliminating the need to buy payment software or credit card terminals in order to accept payments.
Chase Paymentech's payments processing solution is part of the Payments as a Secure Service (PASS) Consortium's PASS Commerce Center, which is built into the Windows Vista Business operating system. PASS Commerce Center allows small businesses to instantly turn their business computer into an integrated point-of-sale tool and to manage business transactions directly from their desktop. Chase Paymentech can then easily upgrade merchants with value-added services or new payment types as they become available, without the need to buy additional software or hardware.
Providing unprecedented access to the user-friendly credit card processing interface, Windows Vista Business allows businesses of any size to process payments via Chase Paymentech's network. The operating system provides a gadget for easy access to PASS Commerce Center directly from the desktop, putting payment processing solutions right at the business customer's fingertips.
"Chase Paymentech is pleased to be a part of Windows Vista Business launch, simplifying access to an essential business function for small businesses," said Mike Duffy, President and CEO of Chase Paymentech. "Our participation with the PASS Consortium has enabled us to join forces with strategic partners whose products complement our service offerings. The result is a powerful financial management tool that small businesses can use to enhance their cash flow and drive future growth."
More than 50 percent of small businesses fail in the first year, according to the U.S. Small Business Administration. Success for a small business often depends upon their ability to effectively manage finances and to provide their customers with payment choice. Chase Paymentech's ongoing commitment to small business includes offering payment solutions that provide long-term success.
About Chase Paymentech
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 and includes more than 600,000 merchants with nearly 1 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 PASS(TM)
PASS(TM), or Payments as a Secure Service(TM), enables business users to perform a wide variety of commerce activities more securely from their Windows Vista Business desktop. The underlying technology for PASS is provided by IP Commerce's IP Payments Framework(TM) (IPPF). IP Commerce, along with a group of leading financial institutions and payment service providers, have joined together to form the PASS Consortium. Together they have created PASS Commerce Center which provides easy-to-access, easy-to-use, secure payment and financing services for small businesses running Windows Vista, including the ability to receive payments, process transactions, pay invoices, obtain access to financial services and better manage cash flow. The PASS Consortium includes BankServ, Chase Paymentech, CIT Group, Inc., ICC, CashEdge, and PayPal. For more information on PASS, the PASS Consortium or PASS Commerce Center, please visit http://passpayments.com/.
Source: Chase Paymentech
CONTACT: Barbara Friedkin, Chase Paymentech, +1-917-206-3575, Barbara.friedkin@chasepaymentech.com
Web site: http://www.chasepaymentech.com/
