TORONTO, Sept. 18 /CNW/ - Chase Paymentech Solutions and NBS Payment Solutions, a (MAJOR MANUFACTURER OF LEADING EDGE PAYMENT TECHNOLOGY), are pleased to announce the release of two new wireless chip-and-PIN enabled payment devices for restaurants and mobile businesses. The payment terminals are certified by Chase Paymentech to support the latest industry standards including Interac, Visa and MasterCard, as well as new requirements for chip-and PIN card acceptance in Canada.
"We wanted to provide Chase Paymentech with a complete suite of innovative products to help their Canadian merchants upgrade their payment systems in one step," explained Drazen Ivanovic, President, NBS Payment Solutions. "We have seen the rapid change in the payment industry's requirement for merchants. Offering a solution to merchants that will not need multiple upgrades in the future means a savings in time, training and, ultimately, money."
NBS Payment Solutions products certified by Chase Paymentech are available as long-range wireless terminals using a GPRS network, and as short range hi-speed wireless terminals using Bluetooth.
"We are very proud of launching this new suite of products," explained Paul Browne, Vice President Operations for Chase Paymentech. "They fulfill our commitment to Canadian merchants to champion innovative products they can rely on. Real innovation is not just complying with today's standards, but helping merchants meet industry standards for years to come."
About Chase Paymentech
In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario and is an affiliate of Chase Paymentech Solutions, LLC. As a leading payment processor and a single source for debit and all major credit cards, the company offers a full suite of advanced payment solutions, including point-of-sale and wireless terminals, electronic gift card programs and secure e-commerce capabilities.
Chase Paymentech Solutions, LLC, headquartered in Dallas, TX is a leading global payments firm and the world's largest merchant acquirer - transacting all types of payments in 140 currencies. In 2007, the company processed approximately 19.7 billion payment transactions, with more than $719 billion in annual bank card and debit volume. Chase Paymentech's customer base includes the most respected companies and brands in the world, including 70 percent of leading e-commerce businesses and more than 600,000 merchants in nearly one million locations worldwide.
About NBS Payment Solutions
For over 30 years NBS Payment Solutions has been a leader in providing secure, high speed, electronic financial payment solutions to banks and processors serving the transaction processing needs of North American retailers. The company is uniquely positioned in the industry to deliver high-end terminals; payment gateway services and value add managed services, driving increased profitability and business growth. NBS Payment Solutions a wholly owned subsidiary of Brookfield Asset Management a specialist asset manager. Focused on property, power and infrastructure assets, Brookfield has over US$95 billion in assets under management and is co-listed on the New York and Toronto stock exchanges.
