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Press Release

Canadian Federation of Independent Business and Chase PaymentechTM Extend Long-Standing Relationship

CFIB Members Now Have the Power to Reduce Costs and Improve Customer Service with New Pricing and Service Options from Chase Paymentech

Toronto, ON (February 16, 2012) – The Canadian Federation of Independent Business (CFIB) and Chase Paymentech, a leading merchant acquirer and payment processor, today announced they have extended their long-standing partnership. For more than a decade CFIB has teamed up with Chase Paymentech to deliver value-added payment processing solutions to their members.

CFIB is the voice of small business in Canada, representing over 108,000 businesses coast to coast. CFIB has been a strong advocate for small business owners for over 40 years helping raise awareness of their challenges and providing guidance in options for reputable, cost effective business services. CFIB has renewed the long-standing partnership with Chase Paymentech based on its proven track record of delivering customer focused, innovative, reliable and affordable payment processing solutions for businesses of all sizes.

"Our core focus is on delivering value to our membership, and our partnership with Chase Paymentech is based on this guiding principle," said CFIB president Catherine Swift. "Chase Paymentech is closely aligned with CFIB’s core values of integrity, trust, transparency and advocacy. We are pleased to be able to offer our members ongoing value and support for their payment processing solutions through Chase Paymentech’s robust portfolio of services," Swift added.

As the exclusive referral partner of CFIB, Chase Paymentech is committed to helping its members manage acceptance costs with access to competitive credit and debit rates and secure, innovative technology. CFIB members will benefit from new, lower preferred pricing for MasterCard®, Visa® and Interac Direct Payments while staying in step with the latest reliable payment processing technology advances. Chase Paymentech offers a full range of countertop, wireless, ecommerce and integrated hardware payment solutions that can help small businesses more effectively handle any payment type, including EMV Chip, contactless and gift cards.

"Chase Paymentech is dedicated to providing our small business customers with solutions that help them reduce the overall cost of payment processing and grow their business," said Sam Jawad, president, Chase Paymentech Solutions, Canada. "Our longstanding partnership with CFIB reinforces our commitment to working with entrepreneurs and the small business community."

CFIB played a key role in the development of the Code of Conduct for the credit and debit card industry. Chase Paymentech is committed to both the Code of Conduct and the needs of small business merchants.

About Canadian Federation of Independent Business (CFIB)

With the strength of over 108,000 small business owners from coast-to-coast – entrepreneurs just like you – the Canadian Federation of Independent Business (CFIB) is the big voice for small businesses. For over 40 years, we have represented the interests of the small business community to all three levels of government in their fight for tax fairness, reasonable labour laws and reduction of regulatory paper burden. We have our finger on the pulse of any issues affecting the full range of enterprises in Canada, from one-person, home-based businesses to firms employing hundreds of people. Through regular polling of our membership, we are privy to an up-to-date, firsthand perspective regarding the state of the economy, as well as their feedback concerning what changes need to be made to government policies. For more information please visit www.cfib.ca

About Chase Paymentech

Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a leading provider of payment processing and merchant acquiring. The company’s proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2011, Chase Paymentech processed 24.4 billion transactions with a value of $553.7 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario. For additional information, visit www.chasepaymentech.ca

For further information: Steve O’Halloran, Communication & Public Affairs, Chase Paymentech, Steve.OHalloran@chase.com, 302-282-5699

CFIB Media Contact: Gisele Lumsden, Manager, Public Affairs, Email: public.affairs@cfib.ca, Phone: 416-222-8022 x268 or Cell: 647-808-5769