Shoney's, Inc. Signs Merchant Processing Agreement with National Processing Company
biz.yahoo.com
LOUISVILLE, Ky., June 14 /PRNewswire/ -- National Processing Company (NPC®) a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP) announced the signing of a multi-year processing agreement with Shoney's, Inc. (OTC Bulletin Board: SHOY). Under the terms of the agreement, NPC will provide all Shoney's, Inc. Restaurants front-end authorization and settlement services for all Visa® and MasterCard® transactions.
Shoney's, Inc. has a rich heritage in the restaurant industry, and was a pioneer in the family dining segment over 50 years ago. At Shoney's Restaurants, customers enjoy a great meal served by friendly servers in warm, welcoming surroundings.
``We are always looking at ways to maximize shareholder value,'' said Jim Beltrame, chief financial officer for Shoney's Inc. ``NPC provides processing scale and efficiencies that minimizes our costs associated with credit card acceptance. We are looking forward to a long-term relationship with NPC.''
``NPC is pleased to be processing for a true pioneer in the family restaurant segment,'' said Drew Soinski, senior vice president of Travel & Entertainment for NPC Merchant Services. ``Like Shoney's, NPC enjoys a long tradition of ground-breaking innovation. Shoney's will benefit from our recent investment in products and services specifically developed for the restaurant industry.''
``We are very excited to be processing for Shoney's,'' said Mark Pyke, executive vice president of Merchant Services for NPC. ``Shoney's success is due to satisfying its customers by offering tremendous value with quality products and service. NPC also strives to provide the most cost effective solutions for its customers.'' |
