Bank merger, will this affect epoch at all? - GoFuckYourself.com

whatif_3 · 10-05-2005, 05:32 PM

Paymenttech just merged with FDR, who does not process adult, FDR would not allow ibill to keep processing adult through them

will this affect epoch processing?

FIRST DATA, CHASE AGREE TO INTEGRATE MERCHANT ACQUIRING BUSINESSES: First Data Corp. and JP Morgan Chase & Co. announced late this afternoon they will integrate their companies' jointly owned Chase Merchant Services and Paymentech merchant acquiring businesses. The new firm will operate under the name Chase Paymentech Solutions LLC, with Chase owning 51% and First Data 49%. Michael P. Duffy, Paymentech's president and CEO, will lead the combined firm. Chase Paymentech has entered into a five-year processing deal with First Data Merchant Services. The new firm says it will process about 13.1 billion transactions worth over $500 billion in annual bank card volume in the U.S. and Canada. As part of the deal, Chase will continue to use First Data's Star network to process a "component" of Chase's business.

Juno · 10-05-2005, 05:45 PM

Bump......

ivet · 10-05-2005, 05:52 PM

Quote:

Originally Posted by whatif_3

Paymenttech just merged with FDR, who does not process adult, FDR would not allow ibill to keep processing adult through them

will this affect epoch processing?

FIRST DATA, CHASE AGREE TO INTEGRATE MERCHANT ACQUIRING BUSINESSES: First Data Corp. and JP Morgan Chase & Co. announced late this afternoon they will integrate their companies' jointly owned Chase Merchant Services and Paymentech merchant acquiring businesses. The new firm will operate under the name Chase Paymentech Solutions LLC, with Chase owning 51% and First Data 49%. Michael P. Duffy, Paymentech's president and CEO, will lead the combined firm. Chase Paymentech has entered into a five-year processing deal with First Data Merchant Services. The new firm says it will process about 13.1 billion transactions worth over $500 billion in annual bank card volume in the U.S. and Canada. As part of the deal, Chase will continue to use First Data's Star network to process a "component" of Chase's business.

When does their contract with Paymentech end? If it is within a year, they need to get it extended ASAP...

whatif_3 · 10-06-2005, 12:31 PM

bump...................

seeric · 10-06-2005, 12:33 PM

i'm sure that epoch is on top of it. i'll let rand know about this thread.

whatif_3 · 10-06-2005, 12:51 PM

bump...................

Drake · 10-06-2005, 01:07 PM

Chase is just growing by leaps and bounds. They merged with BankOne last year too.

Shaft_1971 · 10-06-2005, 01:08 PM

bump...bump and bump

rebel23 · 10-06-2005, 01:29 PM

nice find whatif, bump .........

10-05-2005, 05:32 PM	#1
whatif_3 Registered User Join Date: Jul 2004 Location: Canada Posts: 459	Bank merger, will this affect epoch at all? Paymenttech just merged with FDR, who does not process adult, FDR would not allow ibill to keep processing adult through them will this affect epoch processing? FIRST DATA, CHASE AGREE TO INTEGRATE MERCHANT ACQUIRING BUSINESSES: First Data Corp. and JP Morgan Chase & Co. announced late this afternoon they will integrate their companies' jointly owned Chase Merchant Services and Paymentech merchant acquiring businesses. The new firm will operate under the name Chase Paymentech Solutions LLC, with Chase owning 51% and First Data 49%. Michael P. Duffy, Paymentech's president and CEO, will lead the combined firm. Chase Paymentech has entered into a five-year processing deal with First Data Merchant Services. The new firm says it will process about 13.1 billion transactions worth over $500 billion in annual bank card volume in the U.S. and Canada. As part of the deal, Chase will continue to use First Data's Star network to process a "component" of Chase's business.

10-06-2005, 01:08 PM	#8
Shaft_1971 Confirmed User Join Date: May 2005 Posts: 1,711	bump...bump and bump __________________ SHAFT Skype: Shaft_1971 Email: [email protected] Email: [email protected]

10-06-2005, 01:29 PM	#9
rebel23 Confirmed User Join Date: Dec 2002 Posts: 817	nice find whatif, bump ......... __________________ ICQ: 37378183

10-05-2005, 05:45 PM	#2
Juno Registered User Join Date: Oct 2005 Posts: 55	Bump......

10-06-2005, 12:31 PM	#4
whatif_3 Registered User Join Date: Jul 2004 Location: Canada Posts: 459	bump...................

10-06-2005, 12:33 PM	#5
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	i'm sure that epoch is on top of it. i'll let rand know about this thread.

10-06-2005, 12:51 PM	#6
whatif_3 Registered User Join Date: Jul 2004 Location: Canada Posts: 459	bump...................

10-06-2005, 01:07 PM	#7
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Chase is just growing by leaps and bounds. They merged with BankOne last year too.