Everlink Partners with Chase Paymentech to Offer a New Merchant Credit Acquiring Program (MCAP)

Posted on February 23, 2010 · Posted in Press Release

MARKHAM, Ontario, February 23, 2010 – Everlink, a leading provider of Integrated Payment Solutions and Services in the Canadian marketplace, is pleased to announce a referral relationship with Chase Paymentech, a business unit of JP Morgan Chase (NYSE: JPM), a global leader in payment processing and merchant acquiring.

This new multi-year agreement allows Everlink to expand its Merchant Services suite to include merchant credit card acquiring services through Chase Paymentech. These new services will be offered to Credit Unions, Banks via Everlink’s direct sales and ISO Channel Marketing (Independent Sales Organizations).

Chase Paymentech will provide merchant adjudication, account and credit card acquiring services while Everlink will provide payment transaction switching, routing and settlement services for these transactions.

Bringing the new MCAP services to the Canadian market will be a joint effort involving our two organizations. We are very excited about the synergies we will realize by combining the expertise and capabilities of both Chase Paymentech and Everlink to offer a truly world-class, highly competitive and feature-rich MCAP service offering to Canadian ISO’s and financial institutions.” said Mark Ripplinger, President of Everlink.

“We are pleased to partner with Everlink to deliver merchant processing solutions for Credit Union and ISO’s. We believe this market to be under served and will benefit from the technology and scale our organizations can deliver” said Sam Jawad, President Chase Paymentech Canada.

About Everlink
Everlink Payment Services Inc. based in Markham, ON, is a joint-venture company owned by FIS and Celero Solutions, and is fully compliant and EMV certified with the Interac, MasterCard and Visa associations. Everlink is a recognized leader in the dependable secure delivery of Electronic Transaction Processing services, EMV Chip, Managed ATM Services and Integrated Payment Solutions in the Canadian financial services marketplace. Everlink is the first in Canada to instantly issue a fully personalized, Interac and MasterCard certified EMV Chip card.

About JPMorgan Chase
Chase Paymentech, a subsidiary of JPMorgan Chase with headquarters in Toronto, ON and Dallas, TX, is a global leader in payment processing and merchant acquiring. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, chip and PIN debit cards, and prepaid stored value cards. Chase Paymentech also provides a full set of solutions aimed at accelerating cash flow and managing transaction data. 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 Canadian companies both large and small.

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

To learn more about the Everlink suite of integrated payment solutions, please contact one of our Business Development or Channel Sales & Marketing team members at 1-866-388-0076 or view our contact page.

For additional information on any other issues, please contact Paul Mighton, Vice President, Channel Sales & Marketing at Paul.Mighton@everlink.ca or (416) 659-2039