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Home > Company Index > Financial Services > Services to Financial Companies > Paymentech, Inc.

Paymentech, Inc.
 NEWS FROM THE STANDARD
Minding the E-Store
May 28 2001 12:00 AM PDT

The Real Victims of Fraud
Feb 28 2000 12:00 AM PST

 PROFILE
Paymentech, a joint venture of BANK ONE and First Data, is a leading processor of credit card transactions in the US. Paymentech, which handles about 3 billion transactions a year, assembles the authorization network and processes the merchant side of credit card transactions, both online and at the point-of-sale. Besides growing through the addition of new merchant customers, the company buys portfolios of existing accounts, and is aggressive about recruiting customers from competitors. Paymentech is selling its commercial credit card-issuing subsidiary to J.P. Morgan Chase & Co. BANK ONE owns about 52% of Paymentech, and First Data owns the rest.

 COMPETITION
BA Merchant Services, Inc. (dossier)
Fiserv, Inc. (FISV)
Total System Services, Inc. (TSS)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
1998 Sales (mil.): 213.50
1-Yr. Sales Growth: 14.7%
Employees: 1,400
Revenue per employee: $152,500.00

 KEY PEOPLE
• Michael P. Duffy
    CEO
• Kathryn J. Kessler
    CFO

 CONTACT INFO
1601 Elm St.
Dallas, TX 75201
US
Phone: 214-849-3000
Fax: 214-849-2148
Online: Web Site

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