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May 04, 2015 4:24 AM ET

Consumer Finance

Company Overview of Paymentech, Inc.

Company Overview

Paymentech, Inc. provides payment processing services for merchants. The company offers online payment, point of sale payment, and mobile payment processing solutions. It provides merchants with various payment methods, including credit and debit cards, gift cards, prepaid stored value, international payments, and electronic check processing. The company also offers credit card payment solutions, including merchant accounts, small business credit card processing, Ecommerce, payments on the go, and recurring payments; and business analytics and information services, and fraud detection and data security solutions. The company was incorporated in 1995 and is based in Salem, New Hampshire. Paym...

4 Northeastern Boulevard

Salem, NH 03079

United States

Founded in 1995

1,280 Employees

Phone:

603-896-6000

Key Executives for Paymentech, Inc.

Managing Director
Chief Accounting Officer
Compensation as of Fiscal Year 2014.

Paymentech, Inc. Key Developments

Chase Paymentech Launches Safetech Page Encryption

Chase Paymentech launched Safetech(SM) Page Encryption. Merchants want online shopping to be easy, safe and reliable for their customers, while also mitigating the risks and costs associated with storing, processing and transmitting online payment data. This new product will addresses this need by helping merchants provide a safe and optimal shopping experience for their customers. Chase Paymentech is the first acquirer to offer this type of data-protection technology. Safetech Page Encryption encrypts payment data the moment a consumer enters her or his payment information into a web browser. The payment remains encrypted until it reaches Chase Paymentech, which processes the transaction. After authorization is obtained from the payment networks, Chase Paymentech employs Safetech Tokenization, a stand-alone solution included with Safetech Page Encryption, to replace customer payment data with a benign, secure value that cannot be converted back to payment or account information within a merchant's network. Tokenized values are returned to the merchant to use for internal processes such as settling transactions. Should a merchant's network become compromised, the cardholder's data remains tokenized and not accessible to the threat. Thus, the risk associated with storing cardholder data is reduced. Plus, Safetech Page Encryption may lessen the costs for meeting and monitoring Payment Card Industry (PCI) compliance since the burden of managing cardholder data and encryption is removed.

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