ShopKo Stores Signs Online Debit Processing Agreement with National Processing Company
Tuesday August 5, 8:50 am ET
biz.yahoo.com
LOUISVILLE, Ky., Aug. 5 /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 online debit processing agreement with ShopKo Stores, Inc. (NYSE: SKO). Under the terms of the agreement, NPC will provide single-point settlement via NPC's MultiLink® platform for online debit transactions accepted at ShopKo's retail stores. NPC currently provides authorization and settlement services for all of ShopKo's MasterCard® and VISA® transactions.
In addition, NPC has been named ShopKo Vendor of the Year. ShopKo honors strategic business partners who have demonstrated exceptional ability to partner in driving sales, reducing costs and delivering customer satisfaction. "It is a tremendous honor to be named ShopKo's Vendor of the Year," said Mark D. Pyke, chief operating officer of NPC. "Our goal everyday is to provide exceptional service for our customers. Unexpected recognition of this sort, from one of our valued national accounts is definitely icing on the cake. I am extremely proud of the NPC team who made this possible."
"We are delighted to expand our service offering to ShopKo," said Tim Munto, senior vice president and general manager of National Sales for NPC. "Online debit acceptance is a key component in satisfying customer's payment preferences in combination with managing the overall cost of card acceptance. NPC offers merchants, like ShopKo, a world-class debit processing solution, managing the entire process from end-to-end. NPC's proprietary debit platform supports direct connections to all the major debit networks, as well as a settlement process that takes all the hassles out of end-of-day reconciliation. Merchants like ShopKo rely on NPC's expertise and innovation to provide the most cost-efficient processing solution for non-cash payments."
"In choosing an online debit processor we looked for one with proven experience, reliability and value-added service," said R. John Pindred, vice president and treasurer of ShopKo. "NPC was the natural choice, already serving as our credit card processor and satisfying the high standards of quality and service we expect from our business partners." |
