Retail Ventures, Inc. Renews Merchant Processing Agreement with National Processing Company
Wednesday January 28, 8:50 am ET
biz.yahoo.com
LOUISVILLE, Ky., Jan. 28 /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 renewal of a credit card processing agreement with Retail Ventures, Inc. (NYSE: RVI). NPC will continue to provide authorization and settlement services for all VISA® and MasterCard® transactions accepted at all retail locations.
Retail Ventures, Inc., with wholly owned subsidiaries Value City Department Stores, Filene's Basement stores and DSW stores, is a leading off- price retailer with stores in 29 states. Retail Venture stores are filled with a wide assortment of designer, department, discount and specialty store brands at prices substantially lower than the competition.
"NPC has been processing for Retail Ventures for over 10 years," said Chris McNulty, senior vice president of Client Relations for NPC. "We work hard to develop close working relationships with our customers and get to know their business needs in order to serve them effectively. NPC has maintained many long-term relationships with customers, like Retail Ventures, as a result of this type of commitment."
"Our business strategy and reputation has revolved around providing customers more for less," said Julie Conley, director of Sales Audit and Cash Management, of Retail Ventures, Inc. "This is made possible through establishing relationships with vendors like NPC, who provide us the services we need at a very competitive price." |
