In a series of online payment company profiles, Germany-based research organization yStats.com reveals that Chase Paymentech offers payment processing and related services, specializing in customer-not-present transactions. “Chase Paymentech Company Profile 2015: Online Payment Services” also reports on the number of merchants from various online industries served by the company.
Chase Paymentech is JPMorgan Chase & Co.’s subsidiary, headquartered in the USA and specializing in customer-not-present payment processing. Chase Paymentech provides payment solutions to companies domiciled in the USA, Canada and Europe and processes payments in 130 currencies. Together with ChaseNet, which is a proprietary Visa-supported network, and ChasePay, a proprietary digital wallet, Chase Paymentech forms Chase Commerce Solutions, the merchant acquiring, global payment processing and offers division of JPMorgan Chase. In 2014, this business unit processed a double-digit number in billions of transactions.
Chase Paymentech offers payment processing, fraud management and online reporting services, with the specific solutions offering varying by regions served. Among the sectors covered by its online payment solutions are E-Commerce, retail, digital content, online travel and others. The clients count is over 300,000 merchants.
The online payment methods offered by Chase Paymentech include credit cards, such as American Express, MasterCard, Visa and others, and debit cards, for example, Maestro and Visa Debit. Local payment paths include cards such as CartaSi in Italy and Interac in Canada. Alternative payment methods are also supported, for example, PayPal and SEPA Direct Debit.