Sears Holdings Selects Chase Paymentech as Global Payments Provider
Chase Paymentech has announced an "expanded, multi-year contract to provide payment processing services for all Sears Holdings Corporation retail businesses, which include Sears, Kmart and Lands' End."
Sears wished to consolidate all payments acceptance to take advantage of Chase Paymentech's state-of-the-art payments technologies, providing the combined retailers with improved payment speed and superior business reporting.
"Chase Paymentech worked with us to develop a solid and scalable payments strategy for all of Sears Holdings," said Susan Ehrlich, senior vice president, Financial Services for Sears Holdings. "We're committed to providing our customers with solutions that earn their trust and help us build lifetime relationships."
"We're excited to work with Sears Holdings for their expanded payments needs," said Dan Charron, executive vice president, client services for Chase Paymentech. "The two companies worked closely together to accomplish this complex integration, which came off according to schedule and without a hitch. Ultimately, the greatest benefit goes to Sears Holdings' customers, who will continue to exercise their choice of payments without disruption."
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