Chase Paymentech has unveiled a new fraud prevention solution in Canada.
The product – Safetech Encryption – has been launched in partnership with payment solutions provider VeriFone. It is designed to protect consumers from payment card fraud and data theft and will be available to all Chase Paymentech Canada POS retail customers.
Sam Jawad, president, Chase Paymentech Canada, said data security is concern for retailers.
“Safetech Encryption will ultimately help protect merchants and their customers from the increasing risks associated with global fraud and data breaches at the point of sale.”
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Safetech Encryption secures all type of payment transactions including contactless.
