Web.Com and Chase Paymentech Form Alliance to Benefit Small and Medium-Sized BusinessesMarch 9, 2009
DALLAS, TX. AND JACKSONVILLE, FL. - March 9, 2009 -- Web.com (NASDAQ: WWWW), a leading provider of online marketing for small businesses, announced today an agreement with Chase Paymentech to offer merchant payment processing solutions to small and medium-sized businesses (SMBs). Chase Paymentech is widely-recognized as a leader in merchant acquiring and payment processing and provides SMBs with affordable merchant payment processing and online marketing solutions.
Web.com customers will have access to multiple secure payment processing services including all major credit, debit and customizable gift cards.
"This partnership is a natural fit matching two companies with a singular vision to assist small and medium-sized businesses to grow the profits of their businesses," said Peter Gasparro, Group Executive for Chase Paymentech. "Our merchants depend on our industry-leading payment platform, from stored-value solutions and point-of-sale payments, to online transactions. Our commitment to excellence and staying ahead of the curve is what led us to partner with Web.com."
"To be able to offer our customers a full spectrum of secure and reliable payment processing solutions by an industry leader is an exciting development," said David Brown, Chairman and CEO of Web.com. "Giving our customers innovative payment tools at the same payment transaction rates generally available to larger companies, gives them a much needed advantage. We anticipate that this partnership will benefit the vast majority of our customers presenting them with additional ways to grow their business, save considerable costs and take advantage of the latest merchant payment solutions."
Under this arrangement with Web.com, merchants will have access to Chase Paymentech's suite of electronic-payment solutions and will be eligible for a free rate analysis to understand their total cost of accepting electronic payments.
SMBs interested in obtaining a free rate analysis, can call 866-550-6151. Additional information can be found at: http://www.web.com/landing/chase/default.aspx.
About Chase Paymentech
Chase Paymentech, a business unit of JPMorgan Chase, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company's proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. With a legacy of innovation and vision in electronic payments, Chase Paymentech promoted the growth of eCommerce worldwide. The company continues to fuel the success of the Internet's largest brands, currently processing more than 50 percent of all Internet transactions. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding - Chase Paymentech's consultative approach helps today's small and emerging businesses become tomorrow's industry leaders. On the Internet or at the point of sale, Chase Paymentech's unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com.
Web.com Group, Inc. (NASDAQ: WWWW) is a leading provider of online marketing for small businesses. Web.com offers a full range of online services, including Internet marketing and advertising, local search, search engine marketing, search engine optimization, lead generation, home contractor specific leads, website design and publishing, logo and brand development and eCommerce solutions, meeting the needs of small businesses anywhere along their lifecycle. For more information on the company, please visit www.web.com or call 1-800-GETSITE.
Source: Chase Paymentech and Web.com