H&R Block Signs Credit Card Processing Agreement with National Processing Company
biz.yahoo.com
LOUISVILLE, Ky., Feb. 14 /PRNewswire-FirstCall/ -- 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 H&R Block (NYSE: HRB). Under the terms of the agreement, NPC will provide authorization and settlement services for all H&R Block Visa® and MasterCard® transactions.
In 2001, H&R Block was the leading tax preparation company and served more than 19 million taxpayers through its more than 10,400 offices located in the United States, Canada, Australia and the United Kingdom.
``We are thrilled to have been selected by H&R Block as their merchant processor,'' says Mark D. Pyke, chief operating officer for NPC. ``H&R Block is one of the best known brands in the U.S. and their name is synonymous with tax preparation. By working closely with H&R Block, we were able to assist them in crafting an entire payment strategy. This payment strategy lays the groundwork for future financial products and service offerings as they expand their business.''
``NPC's analysis and recommendations helped us design a payment strategy that provides the infrastructure to support future financial products and service offerings, stated Frank J. Cotroneo, senior vice president and chief financial officer for H&R Block. ''The agreement will allow us to focus on our core business of providing tax and financial services while leaving credit card processing to NPC.`` |
