PKGP-More than hype?
NOVA INFORMATION SYSTEMS Selected by APAC
PLAINVIEW, N.Y., May 5 /PRNewswire/ -- PACKAGING PLUS SERVICES, INC. (OTC
Bulletin Board: PKGP - news) has announced that its wholly owned subsidiary, THE
ASSOCIATION OF PACKAGERS AND CARRIERS (APAC), has selected NOVA
INFORMATION SYSTEMS, INC. (NYSE: NIS - news), as its recommended provider of credit
card and debit card processing for APAC members throughout the United States.
NOVA is the fifth largest payment processor in the U.S., with a volume in excess of $24 billion
annually generated by more than 170,000 merchants nationwide. The company will process and
settle point-of-sale (POS) transactions for participating APAC member associates. Current credit
card transaction volume for APAC members is in excess of $250 million per year.
APAC members will also receive such services as SCAN check verification, which determines
whether a check writer has any uncollected checks within the vast network of reporting retailers.
Other SCAN features include free check collection, on-line debit card acceptance, ''Auto-Close''
automatic daily batch settlement, and customization options for each establishment and terminal
location.
''NOVA is the only merchant services producer built on emerging technologies'', said Nick
DeLeone, APAC President. ''They will be able to provide excellent service for APAC member
locations. Using the NOVA card processing technology will contribute significantly to making our
retailers more profitable.''
''NOVA INFORMATION SYSTEMS, INC. is extremely pleased to be working with APAC,''
said Kimberley Yobnk, NOVA Director of Associate Sales. ''We look forward to providing
superior products and service to APAC member associates. By working to promote name
recognition, we will be generating additional revenue for APAC.''
PACKAGING PLUS SERVICES, INC. owns and operates several subsidiaries in the packaging
and shipping businesses. APAC, THE ASSOCIATION OF PACKAGERS AND CARRIERS, is
a nationwide association of independent postal/business service centers. The Association provides
access to a variety of business services and logistically convenient and cost effective delivery of
goods worldwide.
SOURCE: PACKAGING PLUS SERVICES, INC. |
