Verizon speeds up card payments processing for SMEs with Chase Paymentech

 By using credit card processing services, offered through Chase Paymentech, businesses can expand or begin processing credit or debit transaction services for their customers. The ability to accept credit or debit payments using Verizons broadband-based service speeds checkouts and pleases customers. Consumers are showing an increasing preference for non-cash payments, regardless of transaction size. Research from Visa found that debit cards are the worlds fastest-growing payment method, with consumer debit purchase volume up 19 percent from the year prior. Visa also notes that 33 percent of consumer purchases in the United States are now card-based, with that trend growing every year. Depending on the volume of transactions processed, the payment processing discounts offered to Verizons broadband business customers can completely or partially offset the monthly cost of the merchants broadband connection. Verizons small- to medium-sized business customers can choose from a range of Chase Paymentech-approved payment terminals supporting a full spectrum of electronic-payment options. Also included is the option of a wireless broadband terminal that can be used virtually anyplace within the retail space. By contrast, Verizons business broadband customers, using an IP-enabled terminal with Verizons up to 3 Mbps (initial connection speed) high-speed Internet connection, will be able to process each transaction in a fraction of the time it would take with a dial-up connection.