Marriott Selects Chase Merchant Services for Bankcard Processing
MELVILLE, N.Y., (Aug. 19, 1998) _ Chase Merchant Services, L.L.C., a joint venture between The Chase Manhattan Bank
Under the multi-year agreement, Chase Merchant Services will provide transaction authorization and processing services, settlement and funding services for Marriott International's hotel brands throughout the United States.
"Our decision to partner with Chase Merchant Services is in part due to its ability to identify and address the specific needs and processing trends within the hospitality industry," said Kevin Kimball, executive vice president, Marriott Lodging. "In addition, we will have access to Chase Merchant Services' state-of-the art technology, processing services and quality customer service."
"We are very pleased that a well-respected leader in the hospitality industry has chosen Chase Merchant Services as a strategic partner," said Diane Vogt, chief executive officer of Chase Merchant Services. "Our commitment to providing the latest in advanced technologies and top quality customer service enables us to support our partners and their long-term business objectives."
Marriott International, Inc. is a leading worldwide hospitality company, with over 1,700 operating units in the United States and 53 other countries and territories. Major businesses include hotels operated and franchised under the Marriott, Ritz-Carlton, Courtyard, Residence Inn, Fairfield, TownePlace Suites, Executive Residences, Renaissance, and Ramada International brands; vacation club (timeshare) resorts; senior living communities and services; and food service distribution. The company is headquartered in Washington, D.C. and has approximately 131,000 employees. For fiscal year 1997, Marriott International reported sales of $9 billion.
Chase Merchant Services is the nation's largest merchant acquirer, processing nearly 2 billion transactions a year and more than $100 billion in annual credit and debit card sales volume. Chase Merchant Services is a joint venture between First Data Merchant Services Corporation, the world's leading processor of Visa and MasterCard transactions, and The Chase Manhattan Bank, the fourth largest bankcard issuer in the United States.
CONTACT:
Charlotte Gilbert-Biro
Chase Manhattan Bank
(212) 270-7455
Melissa Baron
First Data Corporation
(402) 498-2170
Geary Campbell
Marriott International
(301) 380-8521
MARRIOTT INTERNATIONAL, INC. (NYSE/MAR)is a leading worldwide hospitality company, with nearly 1,700 operating units in the United States and 53 other countries and territories. Major businesses include hotels operated and franchised under the Marriott, Ritz-Carlton, Courtyard, Residence Inn, Fairfield, TownePlace Suites, Marriott Executive Residences, Renaissance, New World and Ramada International brands; vacation club (timeshare) resorts; senior living communities and services; and food service distribution. The company is headquartered in Washington, D.C. and has approximately 131,000 employees. For fiscal year 1997, Marriott International reported sales of $9 billion.
Geary Campbell
301-380-7770
