Paymentech is going away
May 29th, 2008 in: Industry News
The owners of Paymentech, JPMorgan Chase and First Data have decided to dissolve Paymentech into their own operations. JPMorgan will take 51% and the remainder will be merged into First Data.
Both companies have committed to a no-disruption transition so existing Paymentech customers (1Million+) should not see any major change in their processing service.
(Add your own)1 Comment
So what effect will this have on the agents and ISO’s that have contracted to sell merchant accounts with them?
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