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Chase Paymentech is an American payment service provider and merchant acquiring business that is part of JPMorgan Chase. Paymentech payment platforms supports businesses to process payments. In addition to its payment services the company provides associated business services such as analytics, payment fraud detection, and data security. [1]
WePay is a privately held company that offers payment capabilities to business platforms, making money through charging service fees when processing funds. WePay enables payments to platforms through its APIs. WePay offers fraud and risk protection as a service through its proprietary risk prevention system and through several third party vendors.
In 2012, a data breach at Global Payments affected 1.5 million credit and debit card numbers. [ 43 ] [ 44 ] This breach eventually cost the company around $100 million. [ 45 ] In 2015, a technical fault with Global Payments' systems led to thousands of British businesses being unable to accept credit card payments on Valentine's Day weekend.
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In 2012, Chase Paymentech processed 29.5 billion transactions with a value of $655.2 billion, including an estimated half of all global Internet transactions. Earlier this year, JPMorgan Chase ...
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Versapay announced in July 2017 that Royal Bank of Canada had partnered with Versapay to white-label the ARC solution [buzzword] and offer it to their customer base. [ 9 ] Later in May 2018, Versapay announced a partnership with First Data to become a Payment Facilitator, starting in Canada and the US, as part of its global merchant acquiring ...
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