Chase Eyes Alternative PaymentsDigital Transaction News writes that "the bank-owned Chase Paymentech will focus on alternative payments and geographic expansion with its 51% share of the former joint venture’s assets, but it’s unclear what First Data will do with its 49% share. According to the article, Chase will take a closer look at the "Alternative Payments" space."
"Bank card processing will remain the core service, but alternative payments, both online and physical, will get a lot of development attention, according to Chase. “That’s what the customer wants,” noting that in some European and Asian countries, online alternatives rival traditional card payments in volume."
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