Accor Signs Agreement with National Processing Company
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LOUISVILLE, Ky., June 26 /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 credit card processing agreement with Motel 6, owned and operated by Accor Lodging North America, a division of Paris-based Accor, the world's third-largest hospitality company and the European leader in travel, tourism and corporate services. Under the terms of the agreement, NPC will provide merchant card processing solutions for all Motel 6 properties' Visa® and MasterCard® transactions.
Accor Lodging North America, thru its multi-brand, economy-lodging division Accor Economy Lodging (AEL), operates the economy leaders Motel 6, Studio 6 and Red Roof Inns in the U.S. and Canada. AEL is the nation's largest owner and operator of economy lodging properties in the U.S., with more than 1,150 properties representing more than 122,000 rooms throughout the contiguous U.S. and Canada. In aggregate, AEL comprises nearly 10% of the entire U.S. economy-lodging sector. NPC currently provides front-end authorization and settlement services for Red Roof Inns.
``NPC has always worked in partnership with us in delivering a cost- effective processing solution for Red Roof Inns, so it was natural to turn to them to also provide processing for Motel 6,'' said Armand Sebban, executive vice president, chief financial officer for Accor Economy Lodging. ``Credit cards play a very important role in our business, and NPC provides the expertise to keep our costs associated with card acceptance at a minimum.''
``Accor sets high standards for itself and its providers, so we are very proud the company has chosen to expand its relationship with us,'' stated Drew Soinski, senior vice president of Travel and Entertainment for NPC. ``We see Accor's decision as a vote of confidence in NPC's processing capacity, expertise, and service.''
``NPC has enjoyed a long-term relationship with AEL's Red Roof Inn properties,'' said Mark Pyke, executive vice president of Merchant Services for NPC. ``We are honored to be selected as AEL's merchant processing partner for Motel 6 as well. Like Red Roof Inns, Motel 6 will benefit from NPC's proven leadership and expertise, as well as our economies of scale and processing efficiencies.'' |
