In late April, First Data Corp. announced the acquisition of InComm, a marketer, distributor and technology innovator of stored value gift and prepaid products. At the time, specific terms weren't announced. Yesterday, First Data filed a 10-Q with the SEC reporting its financial results for the first quarter of 2008. In that filing, First Data disclosed more information about the acquisition: "The Company will acquire InComm for approximately $980 million, plus contingent future payments of up to $250 million over a three-year performance period." FDC says the acquisition is expected to close later this year.

Although taken private by KKR last fall, First Data Corp. continues to announce its financial results - and today reported financial results for the first quarter of 2008. Consolidated revenues were up 16% to $2.1 billion while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 8% to $586 million. FDC also commented on Chase Paymentech, its largest merchant alliance, noting that it "expects the alliance to end prior to its existing expiration date in 2010." The company is holding a conference call tomorrow morning to review its results.   » Continue Reading

In a column titled 'No surprise: First Data nearly led to last of Frontier', business columnist Al Lewis writes for the Denver Post about First Data CEO Michael Capellas and his comments about the recent bankruptcy filing by Frontier Airlines that resulted from First Data requiring an increase in reserves from Frontier.

Unified Network Payment Solutions® (UNPS), a subsidiary of First Data Corp., has announced that it has been certified by MasterCard and Visa to provide chip technology solutions to Canadian merchants. With this certification, UNPS merchants will be able to accept chip cards at the point of sale.   » Continue Reading

First Data Corp. has announced an agreement to acquire InComm, a marketer, distributor and technology innovator of stored value gift and prepaid products. Specific terms and conditions of the agreement were not disclosed, but the transaction is expected to be accretive to First Data. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be completed in the second quarter of this year.   » Continue Reading

A comment on the Rocky Mountain News website by Louise M. Furche suggests that First Data Corp. got what it deserved from how it handled its credit risk management of Frontier Airlines. She suggests that "a better route for First Data would have been to sit down face-to-face with Frontier since they are both based in the Denver area and a meeting could have taken place with less than a 30-minute drive to a neutral location."

We have received news of the following recent management changes:

• Pam Patsley has joined Advent International as a Boston-based operating partner, focused on opportunities in the financial services, payments and transaction processing sectors. Patsley spent the past seven years with First Data Corp., most recently as president of first Data International.

First Data Corp. has announced the introduction of the First Data FD50 - calling it 'an affordable point-of-sale terminal featuring solid design and construction, easy operation and state-of-the-art security.'   » Continue Reading

In an article titled 'First Data: We were surprised, too', David Milstead reports for the Rocky Mountain News that First Data spokeswoman Staci Busby said today that "we [First Data] were taken by surprise when Frontier Airlines filed for bankruptcy. In our numerous conversations with them, they never informed us that filing for Chapter 11 was even a consideration."

Felix Salmon writes for Conde Nast Porfolio about credit card holdbacks, merchant acquirers and Frontier Airlines.   » Continue Reading

Chris Walsh writes for Denver's Rocky Mountain News about the Frontier Airlines bankruptcy filing late last week and the need to move quickly to resolve a dispute with its credit card processor, First Data Corp. Walsh writes that "the carrier initially will look to resolve a dispute with its credit-card processor, First Data, over the amount of money the company can withhold on Frontier's ticket sales."

Aldo Svaldi writes for the Denver Post about Frontier Airlines chapter 11 bankruptcy filing which resulted from what Svaldi reports as a significant increase in the reserve requirements that First Data, as Frontier's merchant acquirer, was imposing. [Editor's note: We first reported the Frontier/First Data news last Friday morning here on Payments News.]

The Denver Business Journal cites a statement issued earlier today by First Data Corp. on the Frontier Airlines bankruptcy filing.

Frontier Airlines this morning announced it had voluntarily filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code late last night. The airline is continuing normal flight operations today.   » Continue Reading

First Data Corp. yesterday reported its financial results for the fourth quarter of 2007. This morning, the company held a conference call to discuss the results (presentation available). Also today, FDC filed its Form 10-K Annual Report with the SEC. FDC's 10-K also includes the financial results of Chase Paymentech due to the size of Chase Paymentech's contribution to FDC's financial results.

BART has announced that "a select group of BART riders is helping to launch a first-in-the-nation technological trial that will allow participants to walk up to any BART fare gate with a specially-equipped Sprint wireless phone and pay for their ride by tagging the phone on a reader located on top of the gate."   » Continue Reading

First Data Corp. has announced that it has signed a contract with cadooz AG, a leading provider of corporate gift and incentive vouchers in Germany, to deliver card-based incentive and reward solutions.   » Continue Reading

American Express and First Data Corp. have announced the signing of an agreement whereby First Data will offer American Express Card acceptance as part of an integrated solution for small- and medium-sized merchants.   » Continue Reading

Reuters and others are reporting that First Data yesterday cut 1,700 jobs - representing about 6 percent of its workforce.

First Data Prepaid Services reports on a study of the use of gift cards as consumer incentives - saying it's "a growing trend to which consumers are responding positively."   » Continue Reading

MasterCard Worldwide and First Data Corp. have announced that "First Data will make the MasterCard Payment Gateway available to its network of 3.5 million merchant locations throughout the United States."   » Continue Reading

First Data Corp. has announced the launch of "a new merchant acquiring business called POSNET to serve merchants of all sizes in Canada."   » Continue Reading

First Data’s STAR Network has announced highlights from its 2006/2007 Consumer Payments Usage and Segmentation Study that "includes a segmentation analysis of specific market groups based on their payment tendencies at the point of sale. The six segments found in the research include the signature debit, PIN debit, cash/PIN debit, cash, check and credit card segments. The segments — determined by an analysis of payment behavior, demographics, attitudinal characteristics, payment preference and value-based characteristics — provide a new way to look at the point of sale payments landscape."   » Continue Reading

Following the closing of the KKR acquisition yesterday, First Data Corp. has updated some of the information on its web site. Included in the bio for newly appointed Chief Strategy Officer Tom Bell is a description of his responsibilities for FDC's "Centers of Excellence" - described as 1) mobile payments, 2) loyalty, 3) data analytics and 4) fraud and security.

David Milstead reports for Denver's Rocky Mountain News that four top executives of First Data are departing following the KKR acquisition that closed yesterday. In addition to CEO Ric Duques, those departing include Senior Executive Vice President David Bailis, the head of financial institution services, Senior Executive Vice President Pamela Patsley, president of First Data International, and Executive Vice President David Treinen, the president of First Data Government Solutions.

First Data Corporation has announced the completion of its acquisition by affiliates of Kohlberg Kravis Roberts & Co. (KKR).   » Continue Reading

First Data Corporation has announced that it expects to close its acquisition by affiliates of Kohlberg Kravis Roberts & Co. (KKR) later today. First Data said will announce the completion of the acquisition once the transaction has closed.

First Data International has announced it is providing card processing services for the new VIsa prepaid card introduced by Dresdner Bank, part of the Allianz Group. According to First Data, "the Dresdner Prepaid Card combines the principle of prepayment made familiar in the mobile phone market with the payment functionality of a credit card. The card is not linked to a credit facility, and the customer defines the level of credit available on the card by making a deposit. To support the new card, First Data is providing processing and call centre services."   » Continue Reading

First Data Corp. has filed an 8-K with the SEC that provides "information regarding its business that was prepared in connection with the financing activities related to the Merger". FDC says it seeks "to become the leading global electronic payment solutions provider by enabling virtually every type of electronic transaction on behalf of our clients and their customers anywhere in the world, reliably and securely, at any time."

Update: The New York Times' Dealbook contains more details from the filing.

Henry Sender reports for the Wall St. Journal on negotiations between KKR and its banks regarding the debt necessary to complete KKR's acquisition of First Data Corp. According to Sender, "KKR has blinked" and appears willing to make concessions regarding the terms of the debt financing for FDC.

In an article titled 'Banks to Test Debt Market This Week", Michael J. de la Merced and Eric Dash write for the New York Times about the upcoming test of the debt markets - with First Data and KKR needing to finance about $24 billion to complete their transaction taking FDC private scheduled for later this month.

Henny Sender writes for the Wall St. Journal's Heard on the Street column about the negotiations underway between KKR and the banks to complete the financing of KKR's acquisition of First Data.

First Data Corp. has announced that it has received all domestic and international regulatory approvals required to close the pending merger with an affiliate of Kohlberg Kravis Roberts & Co. (KKR). "Achieving this milestone is a critical step for First Data and KKR. We continue to work closely together to ensure a smooth transition and expect to close the transaction by the end of September," said First Data CEO Ric Duques.

Aaron Elstein reports for Investment News on the leveraged buyout of First Data Corp by KKR - and the potential challenges ahead in getting the deal's financing completed over the next five weeks.

Chordiant Software has announced that it is working with First Data International to "develop a card servicing contact center solution as a service (SaaS) powered by Chordiant for First Data's global issuing customers. The offering will utilize Chordiant's Enterprise Platform, Decision Management Suite and Contact Center Advisor as the basis for this highly scalable, multi-tenant system."   » Continue Reading

First Data Corp. and mFoundry have announced they will be working together to deliver mobile banking and payment services to U.S. and international mobile subscribers. According to the two companies, "this newly forged relationship will leverage each company's respective strengths in order to offer mobile operators, mobile subscribers, merchants and financial institutions a flexible and easy-to-use solution for mobile financial services."   » Continue Reading

Mark Schwanhausser writes for the San Jose Mercury News about contactless payments and Santa Clara, CA-based Vivotech, a major provider of contactless payment acceptance devices. Vivotech has announced closing a $22.5 million Series C financing round. Strategic investors in the round include First Data Corp. and NCR (here's the NCR press release announcing their participation in the financing).

First Data Corp. has announced that "its shareholders approved the merger agreement with an affiliate of Kohlberg Kravis Roberts & Co. (KKR). Of the shares that were voted, over 98% were cast in favor of the merger. Upon the closing of the merger, the Company's shareholders will be entitled to receive $34.00 in cash, without interest, for each share of First Data common stock held.

"I am very pleased to receive such broad support for this transaction from our shareholders," said Chairman and CEO, Ric Duques. "With most of the necessary conditions now having been met, we are well on our way to closing this transaction, as expected, in the third quarter."

First Data International has announced an agreement to acquire Check Forte, a Brazilian provider of data capture, switching and POS terminal management as well as network processing services to banks for bill payment transactions initiated at off-premises merchant locations.   » Continue Reading

The upcoming acquisition of First Data Corp. by KKR required it to deal with recent changes in Colorado law affecting FDC's industrial bank, First Financial Bank. "The Colorado State Bank Board agreed to a four-part transaction that will effectively convert First Data's industrial bank, First Financial Bank, into a non-depository trust called First Data Trust Co. LLC."

Separately, First Data reported second quarter financial results earlier today.

First Data Corp. has announced that Michael D. Capellas will become chief executive officer following completion of the acquisition of the company by an affiliate of Kohlberg Kravis Roberts & Co. (KKR). Mr. Capellas will succeed Henry C. "Ric" Duques who has served as Chairman and CEO since November 2005, and previously served as Chairman from 1989 to 2003 and CEO from 1989 to 2002.   » Continue Reading

A global study of banking, retail and payment services executives' attitudes towards the burgeoning Chinese payments market conducted by the Economist Intelligence Unit on behalf of First Data International has revealed that the vast majority of respondents are optimistic about the prospects for electronic payments in China. Eighty-five percent of respondents, for example, believe the prospects for credit cards are either highly or somewhat promising. While bankers recognize the considerable challenges, they are bullish about the opportunities and are committed to this rapidly growing market.   » Continue Reading

Discover Financial Services has announced an agreement with First Data Corp. to issue Discover Network payroll cards provided by Money Network Financial, a First Data Company. Money Network will issue the Discover Network branded payroll cards and handle card administration.   » Continue Reading

The proxy statement filed by First Data Corp. with the SEC earlier this week contains a section that provides background on how the acquisition discussions began and how they evolved. It all began with a discussion in late November or early December of last year between Henry Kravis, a founding member of KKR, and James Robinson III, a director of First Data.

Earlier this week, First Data Corp. filed a proxy statement with the SEC containing further details about its acquisition by KKR. Included was a breakdown of equity and debt financing coming into the deal - about $7.2 billion in equity financing (from KKR and several other entities) and about $24 billion from various debt financing vehicles.

First Data Corp. announced this morning that it had not received any other bids for the company other than the original bid from KKR.

Coinstar and First Data Corp. have announced an agreement between Money Network Financial LLC, a First Data company, and Coinstar E-Payment Services Inc., a Coinstar company, to offer the Money Network Pay Card through select Coinstar kiosks.   » Continue Reading

First Data Corp. filed a 10-Q quarterly report yesterday with the SEC that includes some information about its plans for data center consolidation scheduled over the next two and a half years.   » Continue Reading

Business Week takes a look at mobile banking and payments - including Citibank's pilot with Obopay, PayPal Mobile, Firethorn and First Data's efforts including last week's investment in VIVOtech.

First Data Corp. has announced a strategic investment in ViVOtech and that it plans to use ViVOtech's collection of emerging technologies that include Near Field Communication (NFC) terminals and mobile commerce enablement. According to First Data, its investment will come in the form of acting as the lead investor in ViVOtech's Series C round of financing.   » Continue Reading

Michael Flaherty reports for Reuters about "a chill on relations between JPMorgan and Kohlberg Kravis Roberts & Co." related to KKR's plan to acquire First Data Corp.

Cerner Corp. has announced the launch of combined health plan ID and payment cards that include a fully integrated line of credit for healthcare consumers. Cerner has selected First Data Healthcare Services, part of First Data Corp., and UMB Healthcare Services, a division of UMB Financial Corporation to provide support for the program.   » Continue Reading

Robert Westervelt reports for SearchSecurity.com on comments made by First Data's Chief Information Security Officer Phil Mellinger regarding the Payment Card Industry Data Security Standards (PCI DSS) in which he calls for "an overhaul to eliminate subjectivity and ease restrictions to get more merchants to meet the standard."

First Data Corp. has announced plans to acquire FundsXpress, a provider of online banking and bill payment services for consumers and small businesses. According to First Data, "FundsXpress has more than 500 financial institution customers, consisting primarily of community financial institutions, and First Data currently serves thousands of similar institutions coast-to-coast. The complementary capabilities of First Data and FundsXpress will result in a broad and robust suite of products for secure electronic commerce and Internet Banking transactions."   » Continue Reading

In a post titled "Explaining J.P. Morgan’s DNP on First Data", the Wall St. Journal's Dennis Berman blogs about why he thinks JP Morgan Chase wasn't playing a role in the private buyout of First Data by KKR announced earlier this week. He believes the reason is that the bank has been trying to negotiate the purchase of the 49% interest in Chase Paymentech held by First Data. Last week we reported that First Data filed an amended 10-K for 2006 which included the detailed financials for Chase Paymentech - a very nice business indeed!

Yesterday afternoon, First Data Corp. made several filings with the SEC regarding its just announced buyout by KKR. Included were the Agreement and Plan of Merger between FDC and KKR, an internal employee blog posting by David Bailis, President of FDC's Financial Institution Services business unit, and a transcript of an internal Q&A conference call that CEO Ric Duques had with employees.

First Data Corp. has announced that it has entered into an agreement to be acquired by an affiliate of Kohlberg Kravis Roberts & Co. (KKR) in a transaction with a total value of approximately $29 billion. The agreement was unanimously approved by the First Data Board of Directors based upon the recommendation of the Strategic Review Committee comprised of three independent directors. Under the agreement, First Data shareholders will receive $34 in cash for each share of First Data common stock they hold, representing a premium of approximately 26% over First Data's closing share price of $26.90 on March 30, 2007 and a premium of approximately 34% over the average closing share price during the previous 30 trading days.   » Continue Reading

Dennis K. Berman, Valerie Bauerlein and Robin Sidel report for the Wall St. Journal that Kohlberg Kravis Roberts & Co. is in talks to acquire First Data Corp. Reuters reported this evening that KKR was set to offer $34 per share for FDC - more than a 26% premium compared to FDC's Friday closing stock price. Andrew Ross Sorkin and Michael J. De La Merced report for the New York Times that the deal is expected to be announced tomorrow morning.

First Data International has announced that it has reached an agreement to acquire POLCARD SA, Poland's leading independent merchant acquirer and card issuer processor, in an all-cash transaction for $325 million.   » Continue Reading

First Data International has announced findings from a study of banking fraud in Europe, Middle East and Africa in which fraud experts from 52 banks across the region called for greater co-operation in the fight against fraud while acknowledging the significant barriers that stand in the way of collaboration.   » Continue Reading

First Data Corp. has amended its 10-K annual report filing with the SEC to include the financial statements of Chase Paymentech. Chase Payment is 51% owned by JP Morgan Chase and 49% owned by First Data Corp. First Data made the updated 10-K filing under an SEC rule requiring it as a result of FDC’s equity earnings in Chase Paymentech having exceeded 20% of FDC’s consolidated income from continuing operations before income taxes for the year ended December 31, 2006. The filing reports Chase Paymentech's 2006 revenues as $1.2 billion (up 49% from 2005) with net income of $476 million before some miscellaneous adjustments.

First Data Corp and PrivaSys have announced a "long-term licensing agreement that sets the stage for First Data to become a clear leader in the processing of contactless and other emerging payments for its clients - both financial institutions and merchants - around the world."   » Continue Reading

First Data International has announced it is partnering with NCS network and communication service Deutschland GmbH & Co. KG (NCS), a mobile payment provider, to offer mobile payment and e-commerce services to merchants and consumers globally.   » Continue Reading

Zhang Fengming reports for the Shanghai Daily about China Unionpay and First Data International's agreement to collaborate to expand acceptance of Unionpay cards in ten markets outside of China. "Under the agreement, First Data will accept UnionPay cards in certain global markets at automatic teller machine locations and merchant point-of-sale locations using First Data systems. First Data will also provide payment processing and transaction routing services to UnionPay."   » Continue Reading

First Data Corp. has announced that "upon completion of the strategic review of its Official Check and Money Order operation (the "Business") the company has decided to gradually exit this line of business. Most of the Business will be terminated over a period of two to three years. The Business wind-down is expected to free up between $250-$300 million in cash for alternative uses including acquisitions, share repurchases or other corporate purposes during 2007. This cash is currently used in the operation of the Business."   » Continue Reading

First Data International and INICIS Co Ltd have announced a strategic alliance to offer merchant processing services to global, online merchants operating in Korea.   » Continue Reading

First Data Corp. has announced it has acquired Size Technologies, a provider of loyalty, stored value and transaction marketing solutions. Financial terms of the deal were not disclosed.   » Continue Reading

First Data Corp., Microsoft and HP have announced a small business point of sale solution called First Data POS Value Exchange that "replaces a cash register and traditional point of sale terminal with a computer-based system that delivers a complete store management solution with greater information security, speed of transactions and more flexible payment options for customers."   » Continue Reading

First Data Corp. held an investor/analyst call this morning to update its 2006 and 2007 outlook. A recording of the webcast and the presentation materials are also available.

Standard Chartered and First Data Corp. have announced an agreement to jointly establish a new company to provide merchant acquiring services to merchants across Asia.   » Continue Reading

According to a recent study commissioned by First Data Corp., today's diverse gift card products are fitting nicely into the wallets, gift boxes and lifestyles of most American consumers. The survey examines both the purchase and use of single-merchant gift cards, those that can only be used at one retailer, as well as multi-merchant gift cards, those that can be used at multiple retailers.   » Continue Reading

First Data's Debit Services division has announced an agreement with Interactive Financial Services Group (IFSG) to provide a school and charity rewards feature as a component of First Data's Debit Rewards program.   » Continue Reading

Shanghai Daily reports that First Data Corp. "is planning to launch its first ATMs in China in the coming months in a major expansion of its services in the country. We will launch our ATM service within the next 6 to 12 months," said Nigel Lee, president of First Data International China and North Asia.

easycash, a German point of sale (POS) Network Service Provider, has announced that financial investor Warburg Pincus has reached agreement with First Data International to acquire 100% of easycash. First Data sold easycash in a competitive auction, which attracted the interest of both industrial buyers and financial investors. The completion of the transaction is subject to approval of the German Federal Cartel Office ("FCO"). The parties agreed to keep the terms of the transaction confidential.   » Continue Reading

First Data's Independent Sales Services group has recently announced several "services and tools specifically designed to give small and medium-sized businesses an advantage in today's competitive landscape."   » Continue Reading

Coinstar has announced a new Coinstar Direct Coin Deposit service that will allow bank and credit union customers to electronically transfer coin into their personal accounts. In addition, Coinstar’s making available a new "Madison" coin-counting kiosk specifically designed for retail financial institution branches.   » Continue Reading

The Payments Card Center of the Federal Reserve Bank of Philadelphia has released a new workshop summary titled "Supply- and Demand-Side Developments Influencing Growth in the Debit Market" (PDF). "On August 3, 2006, Ronald Congemi, senior vice president of strategic industry relations for First Data Corporation, led a PCC workshop to examine developments on both the supply side and demand side that are influencing growth in the debit card market. On the supply side, Congemi addressed banks’ increasing recognition of the importance of payments-related revenues in their institutional profit and loss statements, the effect of differences in interchange fees between PIN and signature debit, and the greater focus on cost structures for debit card issuers. On the demand side, he considered how changes in consumer payment preferences and innovations in the debit market were influencing consumer behavior and payment choice and, ultimately, competition among payment alternatives." [Editor's note: A most useful review of the perspectives of a leading PIN-debit industry veteran. One interesting data point from the paper: "in the first quarter of 2006, the number of PIN-POS debit locations had reached 64 percent of the total locations." Highly recommended reading!]

First Data Corp. and Austin Logistics have announced they are working together to provide a new payment risk management offering for credit card issuers, NSF Solution, following the integration of Austin Logistics’ NSFGuard payment risk solution with First Data’s Payment Defender risk decisioning platform. The solution is intended to help issuers assess when payments received should be credited against an outstanding balance based upon the potential risk of non-sufficient funds.   » Continue Reading

First Data Corp. has recently revamped its corporate web site - following the recent spin-off of Western Union and the launch of "the new First Data". Sporting a much cleaner "look and feel", the new web site is organized around both the business and industry of the reader as well as by the product and service solutions that FDC offers. Readers can easily choose either view. The site also offers to answer questions about FDC's products and services within one business day. First Data continues to make its news available via both email alerts and an RSS feed for readers who'd prefer to receive updates directly.

First Data Corp. today announced that it has completed the distribution of a tax-free special dividend to its shareholders consisting of approximately 765 million shares of common stock of The Western Union Company. First Data is distributing one share of common stock of Western Union for each share of First Data common stock to First Data shareholders as of September 22, 2006. As a result of that distribution, First Data will no longer own shares of Western Union, and Western Union will be an independent company. Western Union common stock has been authorized for listing on the New York Stock Exchange (NYSE) and will trade under the symbol "WU."   » Continue Reading

At its Investor and Analyst Conference earlier this week, First Data CEO Ric Duques listed seven trends in the payments industry: economic globalization, increased consumerism in developing countries, payment options = competitive advantage, emerging potential in mobile payments, double-digit growth of prepaid cards, online payments will grow at double-digit rates, and evolving consumer expectations.

Earlier today, First Data Corp. held an Investor and Analyst Conference in New York City. A replay of the webcast of the conference will be available for listening to for the next few days. The presentation slides (PPT) are also available online.

First Data International has announced a strategic, long-term agreement with Barclaycard, the UK-based international cards and lending business. Under the terms of the agreement, First Data International will provide credit card and loans processing for Barclaycard's new partnership programmes in the UK on its VisionPLUS processing platform, as well as a full range of contact centre services and managed services to include plastics personalisation, applications processing, payment processing, statements, letters and PIN mailers. Barclaycard intends to migrate existing partnership programmes and other portfolios to the VisionPLUS platform over time.   » Continue Reading

Cards & Payments Editor Jeffrey Green interviews Henry C. "Ric" Duques, chairman and CEO of First Data Corp.

First Data Corp. has announced that Susan Henricks has returned to First Data as president of First Data Resources. Henricks was a key member of the First Data leadership team in 1998 and 1999, serving as president of First Data Enterprises within First Data Resources. She was responsible for Client Services and was appointed to the position of President, Donnelley Marketing when it was sold by First Data to Info USA in late 1999. For the last six years Henricks has been with RR Donnelley, an $8 billion dollar global print leader and the largest printer of telephone directories in the world. For the last five years she has been President, Directories, responsible for the business of printing Yellow Pages Directories and telephone directories.   » Continue Reading

First Data Corp. and Chase Paymentech Solutions have announced a five-year global e-commerce processing agreement in which First Data International, utilizing its OmniPay processing solution, will provide payment processing services to Chase Paymentech's portfolio of global e-Commerce merchants. The OmniPay merchant processing platform, located in Dublin, Ireland, will process transactions for Chase Paymentech's merchant portfolio, in most major currencies on a single platform in all markets where Chase Paymentech's merchants are based.   » Continue Reading