Feb 24 , 2010

Everlink partners with Chase Paymentech on
new merchant credit acquiring program

MARKHAM, ON--Everlink, a leading provider of Integrated Payment Solutions and Services in the Canadian marketplace, is pleased to announce a referral relationship with Chase Paymentech, a business unit of JP Morgan Chase, a global leader in payment processing and merchant acquiring.

This new multi-year agreement allows Everlink to expand its Merchant Services suite to include merchant credit card acquiring services through Chase Paymentech. These new services will be offered to Credit Unions, Banks via Everlink's direct sales and ISO Channel Marketing (Independent Sales Organizations).

Chase Paymentech will provide merchant adjudication, account and credit card acquiring services while Everlink will provide payment transaction switching, routing and settlement services for these transactions.

"Bringing the new MCAP services to the Canadian market will be a joint effort involving our two organizations. We are very excited about the synergies we will realize by combining the expertise and capabilities of both Chase Paymentech and Everlink to offer a truly world-class, highly competitive and feature-rich MCAP service offering to Canadian ISO's and financial institutions," said Mark Ripplinger, President of Everlink.

"We are pleased to partner with Everlink to deliver merchant processing solutions for Credit Union and ISO's. We believe this market to be under served and will benefit from the technology and scale our organizations can deliver," said Sam Jawad, President Chase Paymentech Canada.



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