Paymentech Canada announced the recent signing of direct marketers for electronic payment processing. The new clients include Lee Valley Tools and The Hampshire Collection. In addition, Paymentech announced an ongoing relationship with Universal TeleResponse in which the award-winning inbound call centre utilizes Paymentech as the preferred credit card processor for Universal’s customers.
“Paymentech’s seamless multi-currency credit card processing and timely funds delivery were attractive to Lee Valley Tools,” said Iain Campbell, executive vice president for the 20-year-old company. “Paymentech is very merchant focused and has exceeded our expectations for transaction processing and customer service.” Lee Valley markets woodworking and gardening tools and accessories.
“As a growing cataloguer, The Hampshire Collection wanted to address current as well as future payment processing needs,” said Barbara Canning Brown, president. “Our business is one of speedy response and specialized customer service and that is what a credit card processor also should deliver.”
Said Sue Farrel, director of sales and marketing for Universal TeleResponse, “Our relationship with Paymentech enables us to offer one-stop shopping and critical support services to our direct response clients.”
Paymentech is a leading electronic payment processor for non-face-to-face enviornments such as direct marketers, on-line services, and utility and cable companies. Said Hugh A. Ramolla, Paymentech Canada’s national sales director, “We are excited about the growth of our Canadian business. As a processor that focuses on the needs of direct marketers who sell to customers in Canada, the U.S. and other countries, we offer a number of unique payment services.”
Paymentech currently processes credit cards and other electronic payments for over 60 direct response merchants in Canada. Paymentech also offers electronic cheque processing (ECP) or a direct debit solution for recurring billing. Direct response merchants in Canada and the U.S. will be able to electronically debit a Canadian or U.S. consumer’s bank account for automatic payment. Paymentech is also one of the largest credit card processors for U.S. marketers.
Paymentech, Inc. (NYSE: PTI), founded in 1985, is a major third-party processor and the leading provider of full-service electronic payment solutions to the direct response industry. The company processed approximately 420 million total transactions in the September 1997 quarter and approximately $43.5 billion in sales volume during the last four quarters.Details