Verifi Announces Preferred Partner Agreement with Chase Paymentech

Verifi Inc. Announces Preferred Partner Agreement with Chase Paymentech

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Verifi Inc., the leading provider of transaction risk management services for card-not-present merchants, today announced that the company has signed a preferred partner agreement with Chase Paymentech.

Chase Paymentech is a global leader in payment processing and merchant acquiring, processing more than half of all Internet transactions.

Verifi will recommend Chase Paymentech as a preferred merchant account provider to its merchant customers, and will provide its transaction risk management services, including chargeback prevention and management, to Chase Paymentech's card-not-present merchants.

"Verifi has already had success in working with our merchants to help them identify transaction risk, and has put effective measures in place that not only allow them to control chargebacks, but also help them operate more efficient and profitable businesses," said Rob Lyons, Vice President, Technology Alliances, for Chase Paymentech.

"We are very pleased to be partnering with Chase Paymentech, the recognized leader in card-not-present transaction processing, and we look forward to working jointly with them to help our mutual clients identify and manage their transaction risk," said Jennifer Schulz, chief operating officer of Verifi.

About Chase Paymentech

Chase Paymentech, a business unit of JPMorgan Chase, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company's state-of-the-art platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing.

With a legacy of innovation and vision in electronic payments, Chase Paymentech has promoted the growth of e-commerce worldwide. The company continues to fuel the success of the Internet's largest brands, currently processing more than 50 percent of all Internet transactions. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding, Chase Paymentech's consultative approach helps today's small and emerging businesses become tomorrow's industry leaders. On the Internet or at the point of sale, Chase Paymentech's unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com.

About Verifi

Verifi is a leading provider of electronic payment and risk management solutions for card-not-present merchants. Verifi’s highly customizable payment gateway serves as a foundation for its suite of risk management services. Verifi has a proven track record of reducing risk and increasing profitability for its clients by offering transaction risk management and mitigation, business optimization strategies, cardholder authentication, and chargeback representment for all major card brands.

Verifi also advises and supports its clients with a full compliment of alternative payment services. Verifi is a PCI Level1 compliant transaction processor, and is certified to process transactions with all major U.S. payment processors. Verifi continually works with its partners within the payment industry to drive innovative services and solutions that will help its merchant clients to better manage risk and operate their business more efficiently.

The company is headquartered in Los Angeles, California with a satellite office in Redwood Shores, California. For more information on Verifi, please visit www.Verifi.com.

Source: Chase Paymentech Twitter Page