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Press Release

Chase PaymentechTM Signs New Exclusive Partnership Agreement with the Canadian Restaurant and Foodservices Association

Toronto, ON (February 23, 2012) – The Canadian Restaurant and Foodservices Association (CRFA) today announced that they have entered a new multi-year agreement with Chase Paymentech in which CRFA will exclusively refer Chase Paymentech’s payment processing solutions to more than 30,000 CRFA members across the country. CRFA members will now have access to Chase Paymentech’s competitive and transparent pricing, one-to-one consultations and 24/7 live support for greater cost efficiencies and a higher level of customer service.

As leaders in payment processing solutions, Chase Paymentech will help members remain in step with the latest payment technology advances. Dramatic changes in methods of payment are occurring in the restaurant industry at a fast pace and customers are using cash less when dining out. Chase Paymentech offers a full menu of innovative and reliable countertop, wireless and integrated restaurant management solutions that can help the foodservices industry more effectively handle any payment type, including Pay-at-the-Table, EMV chip, online orders, contactless and gift cards as well as deliver customer convenience and security.

"For over 25 years, Chase Paymentech has been the trusted payment processor in the restaurant and foodservice industry. Many of Canada’s most prominent restaurants have selected us because of our willingness to understand their needs, build technology that is relevant, reliable and scalable, provide transparent pricing, and act as their advocate" said Sam Jawad, president, Chase Paymentech Canada. "We are as committed to customer service as restaurant owners are to their customers. Working with the CRFA we have created a value-added program designed to help its members drive new business and reduce overall acceptance costs."

"We are pleased to work with Chase Paymentech as the exclusive CRFA-endorsed payment processing partner. This program delivers superior value and service to CRFA members in a critical area of their business," said Garth Whyte, CRFA President and CEO. "The restaurant industry directly employs more than 1.1 million Canadians, and is the number one source of first-time jobs. By helping our members control their costs and increase their sales, we are helping a vital industry to grow, prosper and contribute to communities across Canada."

Chase Paymentech offers credit and debit card processing solutions tailored to the restaurant and food service industries. Equipped with enhanced features such as tip processing and tab management, merchant credit and debit card processing applications are easy to use in day-to-day operations and make it easy to train new personnel. Chase Paymentech also integrates with major restaurant management systems and other hospitality VARs to seamlessly manage the processing of credit and debit card transactions.

About the Canadian Restaurant and Foodservices Association

Since its founding in 1944, the Canadian Restaurant and Foodservices Association has grown to more than 30,000 members across the country. Through advocacy, research, member savings and industry events, the association helps its members in every Canadian community grow and prosper. CRFA members represent every sector of Canada’s vibrant and innovative foodservice industry, including restaurants, bars, cafeterias, coffee shops, and contract and social caterers. CRFA is governed by a volunteer Board of Directors, made up of industry leaders from every province and every foodservice sector. CRFA’s head office is in Toronto, with regional offices in Vancouver, Winnipeg, Montreal and Halifax.

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 en.chasepaymentech.ca

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

CRFA Media Contact: Jill Holroyd, Senior Vice President, Marketing & Communications, CRFA, jholroyd@crfa.ca,1-800-387-5649 ext 4217