Quick Chase
Chase Merchant Services (CMS) has formed an agreement with Intuit, Inc., a leading provider of small business accounting and management solutions, to become part of Intuit's QuickBooks Internet Gateway.
Under the agreement, CMS becomes a provider of payment processing capabilities for users of the QuickBooks accounting software. QuickBooks users can now apply online to receive an Internet merchant account and approved users can process real-time credit card transactions through Chase Merchant Services.
Nearly three million small businesses utilize QuickBooks to manage their companies. "Chase Merchant Services is very excited about becoming part of the QuickBooks Internet Gateway. This gives us the opportunity to become a valuable provider of e-commerce merchant processing solutions to the top tier segment of small office--home office merchants," said Diane Vogt, chief executive officer of Chase Merchant Services. "Intuit's QuickBooks has nearly three million small businesses utilizing their software in the U.S. This represents a significant opportunity for CMS to reach a new, non-traditional market."
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. For more information visit www.chasemerchantservices.com.
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