Las Vegas, Nevada ? October 17, 2006 ? Shift4 Corporation, a leading developer of enterprise payment solutions, announced today DOLLARS ON THE NET debit certification through Chase Paymentech Solutions to Interac®, Canada’s national network of electronic financial services.
“We have been processing transactions through Interac for many years and our new debit connection through Chase Paymentech complements our gateway with the world’s largest processor. With a simple interface to DOLLARS ON THE NET, the ease of certification for point-of-sale companies to accept Interac debit transactions is virtually seamless,” stated Dave Oder, President and CEO, Shift4.
Interac debit is the most prevalent payment type used by Canadian cardholders. Shift4 meets the demand for Interac acceptance with a DOLLARS ON THE NET connection that provides the fastest route for a point-of-sale to have a certified Canadian debit solution with the least expensive development and ongoing support costs.
“With the world’s most active users of debit cards at the point-of-sale, Canada is a key region for merchants to leverage our fully featured payment processing system. This certification strengthens our solution with the ability to easily process credit and debit cards in Canada,” concluded Oder.
About Chase Paymentech Solutions
Chase Paymentech Solutions, Canada is headquartered in Toronto, Ontario and is an affiliate of Chase Paymentech Solutions, LLC, USA. As a leading payment processor and a single source for debit and all major credit cards, the company offers a full suite of advanced payment solutions, including point-of-sale and wireless terminals, an electronic gift card program, secure e-commerce capabilities and is spearheading the introduction of contactless payments and Chip & PIN technology.
Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, is the World’s largest financial transaction processor for businesses accepting payments via traditional point-of-sale, hospitality, Internet, catalogue and recurring billing. The privately held company is an end-to-end processor for merchants of all sizes and industries and is a result of the 2005 integration of the former Paymentech and Chase Merchant Services. The integrated companies processed approximately 15.5 billion transactions in 2005, with more than $560 billion in annual bankcard and debit volume in both Canada and the United States. Chase Paymentech Solutions’ customer base includes more than 600,000 merchants with nearly 1 million locations across Canada and the United States. Chase Paymentech is a joint venture between JPMorgan Chase & Company and First Data Corporation Learn more about Chase Paymentech payment processing services as www.chasepaymentech.ca.
About Shift4
Shift4, a leading developer of secure financial transaction processing software and services, provides secure, web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices, auto rental and e-commerce markets. Through connectivity to all major processors, DOLLARS ON THE NET provides both high speed and low cost authorizations and settlement for credit, debit, check, private label and gift card transactions. DOLLARS ON THE NET also includes the ability to access, review and edit transactions prior to settlement, as well as a searchable, 24-month archive of transactions for reporting and charge back defense. Visit www.shift4.com or contact Steven Renville at (702) 597-2480 ext. 3336 for more information.