Background
Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company's proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. In 2008, Chase Paymentech processed more than 21.4 billion transactions with a value exceeding $713.9 billion*, including an estimated half of global Internet transactions. The company also provides a full set of solutions aimed at accelerating cash flow and managing transaction data. On the Internet or at the point of sale, Chase Paymentech's unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small.

Customers
Chase Paymentech Solutions' customer base includes many of the top etailers, Internet service providers (ISPs), catalogers and petroleum marketers, among others. Our portfolio spans customers of all sizes in all industries, including:

• Direct Marketing (MO/TO and Internet)
• Petroleum (Convenience Stores and Gas Stations)
• Hospitality (Lodging, Cruise, Car Rental and Restaurant)
• Airlines
• Retail (Specialty and Big Box)
• Automotive Care
• Billers (Telephony, Insurance and Utilities)
• Associations and Franchises

Product Suite

• Payment processing for credit card processing, debit cards, fleet cards, stored value cards (gift, pre-paid, employee), electronic checks, recurring payments
  
• Web-based payment support through our proprietary payment gateway and virtual terminal
  
• Turnkey gift card program
  
• Multi-currency processing for U.S. and Canadian-based merchants, including dynamic currency conversion (DCC) and cross currency support
  
• Electronic check processing, including point of purchase (POP) check processing and accounts receivable check (ARC) processing
• Alternative payments support, including PayPal, Bill Me Later and private label cards
• Level II and Level III Purchasing Card support
• Debit Bill Payment for select industries
• Online reporting, transaction history search and chargeback management tool

Service and Systems

• Merchant account
• Virtually 100 percent system uptime and availability
• Fault tolerant, fully redundant data centers
• 24/7, 365 day-a-year service and technical support
• Strategic alliances with the largest third-party companies to provide the broadest range of solutions for every industry
• Total cost of acceptance - merchant analysis

*For the period January 1, 2008 through October 31, 2008, the data presented represent activity for the Chase Paymentech Solutions joint venture and for the period November 1, 2008 through December 31, 2008, the data presented represent activity for Chase Paymentech.