Borders Group Signs with National Processing Company for Credit Card Processing
Tuesday February 10, 8:55 am ET
biz.yahoo.com
LOUISVILLE, Ky., Feb. 10 /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 Borders Group, Inc. (NYSE: BGP). Under the terms of the agreement, NPC will provide authorization and settlement services via NPC's MultiLink® platform for all MasterCard® and VISA® transactions accepted at Borders and Waldenbooks stores in the United States.
Borders Group, Inc. is a leading global retailer of books, music, movies and entertainment items. Headquartered in Ann Arbor, Michigan, Borders Group operates over 1,200 Borders and Waldenbooks stores around the world.
"Borders Group went through a very long, detail-oriented analysis of the major credit card acquirers," said Tim Munto, senior vice president and general manager of National Sales for NPC. "It is very gratifying for NPC to earn the Borders Group business in such a competitive process. NPC's focus on delivering superior products and outstanding customer service delivers solid value to our clients day in and day out."
"Borders Group is delighted to be processing with NPC," said Chief Executive Officer Ed Wilhelm. "NPC has clearly demonstrated its expertise and superior capabilities in helping our company manage its total cost of card processing." |
