Toronto, ON, October 27, 2011 - Imperial Parking Canada Corporation ("Impark"), one of North America's largest parking operators, has selected Chase Paymentech, a global leader in payment processing, as their primary payment processing provider. Today, when a customer parks at the majority of Impark's 1,600 lots across Canada, they now can enjoy the ease of paying with their MasterCard®, Visa®, American Express® and Interac® Direct Payments cards through Chase Paymentech's innovative payment processing technologies.
Impark selected Chase Paymentech because of its sophisticated technology and extensive expertise in the parking industry. According to Brad Yen, Impark's Senior Vice President of Finance, "The large and complex conversion to Chase Paymentech's robust platform was successfully completed thanks to our strong collaboration. Because of the extensive list of vendors certified with Chase Paymentech, we can now work directly with a larger number of parking equipment providers. In addition, Chase Paymentech's innovative online reporting solution is helping streamline our accounting procedures."
"Chase Paymentech is delighted to provide Impark with payment leadership, innovative technology and a robust, secure transaction platform," said Sam Jawad, president, Chase Paymentech Canada. "Together, we provide Imparks' customers with peace of mind every time they use their credit or debit card."
Impark, with headquarters in Vancouver, B.C., is one of the largest parking management companies in North America with more than 2,000 locations and 3,700 employees. Impark operates parking facilities on behalf of a wide variety of property owners and asset managers as well as specialized market sectors including healthcare, universities and colleges, stadiums and arenas, and municipal parking operations. More information can be found at www.impark.com.
About Chase Paymentech
Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a leading provider of payment processing and merchant acquiring. The company's proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2010, Chase Paymentech processed more than 20.5 billion transactions with a value exceeding $469.3 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario.