DALLAS – February 15, 2010; HBS Systems, the leading provider of equipment dealership management systems in the agricultural, construction and industrial equipment industries, has selected Chase Paymentech, a leading merchant acquirer and payment processor, to process online payments for its customer base.
As a turn-key systems provider to some of the largest agricultural, industrial and industrial equipment dealerships in North America, HBS Systems offers a full range of business management software required to manage all areas of dealership operations. The company is an approved system vendor offering authorized dealers full integration with leading heavy equipment manufacturers including John Deere, Case-IH, New Holland, AGCO, Kubota and over 300 shortline manufacturers. A subsidiary of JP Morgan Chase and a global leader in merchant acquiring, Chase Paymentech will process credit and debit card transactions for dealerships utilizing HBS Systems software to manage their businesses.
“HBS Systems evaluated a number of service providers before selecting Chase Paymentech as our partner. This arrangement allows us to provide a secure payment processing solution to our system users in the US and Canada that is fully compliant with the latest Payment Application Data Security Standard,” said Dee R. Wall, COO of HBS Systems. “The Chase Paymentech platform represents a fully-integrated, world-class payment processing solution allowing dealerships using our technology to offer their customers a full range of payment alternatives at the point of sale”.
About Chase Paymentech Solutions
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. More information can be found at www.chasepaymentech.com.
*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.
About HBS Systems
HBS Systems is a US company headquartered in Dallas, Texas with a Canadian office located in Stratford, Ontario. HBS Systems provides turn-key equipment dealership management systems and software to OEM’s and their dealer/distributors. Over the past twenty-five years, thousands of agricultural, construction and industrial equipment dealerships worldwide have trusted their business management system needs to HBS Systems. More information can be found at www.hbssystems.com