Contact Sales
Contact Support

Press Release

Chase Paymentech Renews Referral and Marketing Agreement with Scotiabank

Chase Paymentech to continue providing the bank’s business clients with secure, reliable payment processing options

Toronto, ON (November 28, 2012) – Chase Paymentech, a leading merchant acquirer and payment processor today announced the renewal of their long-term exclusive referral and marketing arrangement to provide Scotiabank’s Canadian business clients with top-of the-line e-commerce and card-present payment processing options, technology and service.

“We've been doing business with Chase Paymentech for the last 10 years, and they remain a leader in payment processing and merchant acquiring,” said Alice Eastman, senior vice president, Cash Management & Payment Services for Scotiabank. “This continued relationship complements our tailored products and customized approach to solutions that help our Canadian business clients achieve operational excellence.”

As part of the renewal agreement, Chase Paymentech will continue providing Scotiabank business clients in Canada with secure, innovative technology to help process payments – from countertop, mobile and integrated PIN pad point-of-sale solutions, to robust ecommerce capabilities and gift card programs. Chase Paymentech will process credit and debit card payments and clients will enjoy the convenience of depositing payment transactions directly into their Scotiabank business account and accessing their funds the next business day or sooner at no additional cost.

Canadian merchants ranging from small independent business to large multinational corporations will also receive unique visibility into their cash flow with powerful, web-based reporting. Finally, they will have access to direct consultations with Chase Paymentech merchant services providers to help understand their specific payment needs.

“Chase Paymentech is dedicated to providing large and small companies with best-in-class payment solutions to help grow their business,” said Nick Samurkas, president, Chase Paymentech Canada. “Our long-standing partnership with Scotiabank reinforces our commitment to meeting business banking clients’ ever-growing and changing payment processing needs.”

About Scotiabank

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 81,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets of $670 billion (as at July 31, 2012), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

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. More information can be found at www.chasepaymentech.ca

Media contact: Edward J. Kozmor, Chase Card Services, 302-282-7170, edward.kozmor@chase.com