Luxottica Retail Signs Multi-Year Credit Card Processing Agreement with National Processing Company
Tuesday August 26, 8:45 am ET
biz.yahoo.com
LOUISVILLE, Ky., Aug. 26 /PRNewswire-FirstCall/ -- National Processing Company, LLC (NPC®), a leading provider of merchant credit and debit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced the signing of a multi-year credit card processing agreement with Luxottica Retail. Under the terms of the agreement, NPC will provide authorization and settlement services via NPC's MultiLink® platform for all MasterCard® and VISA® transactions accepted at all U.S.-based LensCrafters®, Sunglass Hut®, Watch Station® and Watch World® stores.
Luxottica Retail is the North American retail segment of Luxottica Group, S.p.A., based in Milan, Italy. Luxottica Group (NYSE: LUX) is the world leader in the design, manufacturing and distribution of prescription frames and sunglasses in the mid and premium-priced categories. Luxottica Retail is comprised of nearly 2,500 retail locations throughout North America, including LensCrafters, Sunglass Hut, Watch Station and Watch World.
"NPC's position in the marketplace as a pure acquirer puts our interests in direct alignment with that of our retail clients," said Tim Munto, senior vice president and general manager of National Sales for NPC. "Quite simply, we want to support our customers' efforts to minimize the cost of card acceptance. Our proprietary MultiLink platform provides the flexibility merchants require to cost effectively process electronic payment transactions, allowing them to concentrate on their customers and merchandising strategy while we deliver best-in-class payment processing."
"Luxottica Retail was searching for a business partner to help us effectively manage the cost of our credit card processing in the U.S.," said Mark Foutch, senior manager of Sales Audit and Cash Management for Luxottica Retail. "We selected NPC because they provide the tools and services we need to successfully manage our electronic payment processing, along with people who are truly committed to our success." |
