Chase Paymentech Launches New Payment Terminal to Help Merchants Securely, Conveniently Accept Newest Forms of Customer Payment

  Chase Paymentech Launches New Payment Terminal to Help Merchants Securely,
  Conveniently Accept Newest Forms of Customer Payment

  Future ProofTerminal Offers Merchants All-in-One Technology to Accept EMV,
              Mobile, Contactless and Traditional Card Payments

Business Wire

DALLAS -- June 27, 2012

To continue delivering innovations that support small business, Chase
Paymentech, a subsidiary of JPMorgan Chase & Co. [NYSE:JPM], today launched
its new Future Proof terminal, allowing merchants to accept current and
quickly emerging forms of customer payments all in one streamlined device. The
new terminal helps merchants prepare for the future – by accepting EMV
(Europay, MasterCard, Visa) chip cards, as well as phone-based mobile wallets
and other forms of contactless payment – while maintaining a commitment to
security, convenience and the current value of traditional card acceptance.

“As emerging payment options gain adoption in the U.S., merchants are looking
to make the customer check-out process as easy and safe as possible,” said
Mike Duffy, president of Chase Paymentech. “The Future Proof terminal is a
one-stop solution for merchants to keep accepting today’s forms of payment and
prepare for new consumer payment preferences on the horizon.”

The Future Proof terminal – available through Chase’s 5,300 bank branch
network and at www.chasepaymentech.com – is designed for a wide variety of
merchants and offers unmatched flexibility in payment acceptance. With the new
device, merchants can securely and conveniently accept:

  * Traditional magnetic-stripe payment cards, which continue to account for
    the vast majority of electronic payments;
  * EMV-enabled chip cards, which are less susceptible to counterfeit and
    other forms of fraud, offering greater security and more streamlined
    processing;
  * Mobile wallets, which will help businesses in the future establish two-way
    communications with customers, building loyalty and unlocking new business
    opportunities; and
  * Contactless payments, which allow customers to bypass signature for small
    ticket items and keep lines moving for merchants.

These acceptance capabilities are critically important given announcements
from payment networks that are expected to encourage the use of EMV-chip cards
in the U.S. market to reduce the incidence of payment fraud for both merchants
and their customers.

Merchants that accept EMV-chip cards with the Future Proof terminal, which
supports both signature- and pin-based EMV transactions, can expect fewer
chargebacks and may have no liability in the future for the cost of card fraud
– saving them time and money. Widespread usage of EMV enabled cards in the
United Kingdom and Canada suggests this type of card may reduce fraud as well.

The explosive growth of mobile payments also provides merchants a unique
opportunity to satisfy consumer demand and integrate non-payment applications
that can unlock new business opportunities, such as coupons and loyalty
programs. The Future Proof terminal ensures merchants can accept the most
common forms of mobile, Near-Field-Communication-enabled payments in the
future, which Juniper Research forecasts will grow to $74 billion in
transactions by 2015.

“As a small business owner, Chase Paymentech’s Future Proof terminal allows me
to accept all types of payments, even the new ones,” said Mohammad Chowdhury,
owner of Carnegie Hill Gallery, a custom framing store in New York City. “I
had a customer from Japan pay with a chip card the other day. The interesting
thing was that she wasn’t surprised she could pay with her chip card - she
just expected me to accept it. I feel good knowing that my business is ready
for the next generation of customers who enter my store. Whether they want to
pay with traditional cards, chip cards, smart phones, I will be able to accept
them all as easily and securely as I always have.”

Chase Paymentech has unmatched experience in arming merchants with the most
innovative, secure solutions for accepting payments, helping them stay ahead
of changes in the way consumers pay. In 2007 the company was the first payment
processor in Canada to offer a terminal that supported both Visa and
MasterCard EMV chip-and-PIN payments and Chase Paymentech has been processing
EMV transactions in Canada ever since. As consumer payment preferences
continue to evolve, the Future Proof terminal’s automated software update
ensures merchants can keep up with trends without having to contact Chase
Paymentech.

About Chase Paymentech

Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a leading provider
of payment processing and merchant acquiring. The company’s proprietary
platforms enable integrated solutions for all payment types, including credit,
debit, prepaid stored value and electronic check processing; as well as
digital, alternative and mobile payment options. Chase Paymentech has uniquely
combined proven payment technology with a long legacy of merchant advocacy
that creates quantifiable value for companies large and small. In 2011, Chase
Paymentech processed 24.4 billion transactions with a value of $553.7 billion,
including an estimated half of all global Internet transactions. In addition
to the ability to authorize transactions in more than 130 currencies, the
company provides business analytics and information services, fraud detection
and data security solutions. More information can be found at
www.chasepaymentech.com.

Contact:

Chase Paymentech
Edward J. Kozmor, 302-282-7170
edward.kozmor@chase.com