Givex acquires Chase Paymentech's Gift Card Business

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Jan 26, 2015, 07:00 ET

TORONTO, Jan. 26, 2015 /PRNewswire/ -- Givex, a global provider of cloud based data processing services, announced today that it has agreed to acquire Chase Paymentech's gift card business. Givex, which is headquartered in Toronto, ON and has been providing gift card processing services since 1999, has data centers in seven countries and clients located in 50 countries.

"Givex is honored to have Chase Paymentech select us as the purchaser of their Gift card client base," said Don Gray, CEO of Givex. "It was clear from the beginning of the negotiations that Paymentech was focused on finding a buyer that would not only look after their clients, but also have the ability to enhance the services being offered in a secure and innovative manner."

Givex will open an office in Dallas later this year to support Paymentech's gift card client base. Chase Paymentech gift card clients will be seamlessly and securely transitioned to Givex servers and transactions will continue to be processed using existing integrations and protocols. There will be no disruption to existing merchants or their customers as all current reporting and customer support will be matched to current functionality.

Chase Paymentech gift card merchants will immediately be able to take advantage of Givex's enhanced reporting capabilities as part of the transition. Givex enhanced features will include Loyalty, campaign management, Fulfillment services, Analytics, Uptix (value added venue tickets), mobile wallet, e-gifting and on-line ordering. Chase Paymentech merchants will also have preferred client access to the Vexilor cloud based POS system built specifically to take advantage of Givex advanced customer relations programs.

"We regularly evaluate the products and services we offer our customers and made the business decision to divest our gift card business," said Jasper Malcolmson, head of solutions and innovation for Chase Merchant Services. "We are confident that Givex will continue to provide our merchants with exceptional service when supporting their gift card needs."

About Givex

Givex is a technology company offering clients a global reach with cost-effective gift card, omni-channel loyalty, analytics, stored value tickets, and cloud-based POS systems. Our core distinction is taking on the tough task of managing all aspects of the transaction to ensure companies can deliver maximum customer satisfaction. Givex products and services give you insight into your data to enable you to better drive sales growth, customer relationship management and enterprise resource planning.

For more information or media inquiries, please contact

Saema Nasir
Communications Specialist
Givex
Phone: 416.350.9660 x 363
Toll free: 1.877.478.7733
Fax: 416.350.9661
Email: [email protected]

Website: http://www.givex.com

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SOURCE Givex