May 29th, 2008 by merchant account blog

Paymentech is going away

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.

One Response to “Paymentech is going away”

cheap small business merchant account
June 22, 2008 at 2:39 pm

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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