Chase Merchant Services, L.L.C., a joint venture between Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank and First Data Merchant Services Corporation, has named Phillip M. Miller president and chief executive officer, effective immediately. In his new role as president and CEO, Miller will oversee the strategic direction of Chase Merchant Services, the nation’s largest merchant acquirer.
Miller, who has over 20 years of experience in global marketing, strategic planning and product development, will ensure the company’s continued market leadership by collaborating with merchants requiring the latest innovative payment and e-commerce solutions and helping them grow their business.
Most recently, Mr. Miller served as senior vice president of Global Marketing for the Consumer Finance Division of GE Capital, the world’s largest consumer finance company.
“With Phillip’s track record and enormous drive for results, we are confident that Chase Merchant Services will continue to execute a successful growth strategy,” said Pamela Patsley, president of First Data Merchant Services.
“We are delighted to have Phillip join as president and CEO of Chase Merchant Services,” stated Richard Srednicki, executive vice president of The Chase Manhattan Bank. “Phillip’s history and experience are ideally matched to complement Chase Merchant Services’ goals, making him an essential asset to the company as we continue to pursue our growth agenda in this dynamic and competitive marketplace.”
“The electronic payment products offered by Chase Merchant Services lead the industry,” said Mr. Miller. “CMS leverages its resources to serve clients ranging from small and local businesses to major domestic and international merchants, presenting them with the widest range of reliable payment services available. This coupled with CMS’ passion for customer service and relationship management are factors that contributed to making this career move.”
About Chase Merchant Services
Chase Merchant Services, L.L.C., is the nation’s largest merchant credit card acquirer and a provider of Internet-based solutions. The company can be reached on the Web at [www.chasemerchantservices.com]. Chase Merchant Services processes over 2.5 billion transactions a year and more than $175 billion in annual credit and debit card sales volume at the point of sale and over the Internet. Chase Merchant Services is a joint venture between First Data Merchant Services, a subsidiary of First Data Corp., the leading bankcard transaction processor, and Chase Merchant Ventures, Inc., a subsidiary of The Chase Manhattan Bank, the fifth largest credit card issuer in the United States. The Chase Manhattan Bank is a subsidiary of J.P. Morgan Chase & Co. ([www.jpmorganchase.com]), a premier global financial services firm with assets in excess of $714 billion and operations in over 60 countries.
About First Data
First Data Corp., with global headquarters in Denver, powers the global economy. Serving nearly 2.5 million merchant locations, more than 1,400 card issuers and millions of consumers. First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, smart card, stored-value card or check at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company’s Web site at [www.firstdata.com].