Hardee's Signs Agreement with National Processing Company
Tuesday October 7, 8:52 am ET
biz.yahoo.com
LOUISVILLE, Ky., Oct. 7 /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 Hardee's Food Systems, Inc., a wholly owned subsidiary of CKE Restaurants (NYSE: CKR - News). Per the agreement, NPC will provide authorization and settlement services for VISA® and MasterCard® transactions accepted at all corporate-owned Hardee's locations and participating franchise locations.
Hardee's owns and operates a system of more than 2,100 company and franchise-owned Quick-Service Restaurants (QSRs) in 31 states and 11 foreign countries. A leader in the quick-service breakfast business for 25 years, Hardee's has recently introduced a new lunch and dinner menu centered around Thickburgers. The 1/3-, 1/2- and 2/3-pound charbroiled Angus beef burgers are intended to position Hardee's as the premium burger specialist among quick- service restaurants.
"Hardee's is the ninth largest quick-service sandwich restaurant in the QSR industry," said Tim Munto, senior vice president and general manager of National Sales for NPC. "NPC has made it a priority to develop innovative processing solutions for the QSR segment which is reflected in our industry- leading market position. With the signing of Hardee's, NPC now processes credit cards for nine of the top 25 QSRs in the United States. We are honored and proud to be chosen by Hardee's to be their merchant processing partner."
"Along with a premium-quality, satisfying meal, our customers have come to expect the convenience of paying by credit card," said Jeff Chasney, chief information officer of CKE Restaurants and Hardee's Food Systems. "NPC's payment expertise and in-depth knowledge of the QSR industry will assist us in providing quality customer service through fast, reliable credit card processing. In addition, they will provide critical implementation and technical support to our company-owned and participating franchise restaurants." |
