Vital Processing Services, a recognized leader in technology-based commerce enabling services, announced the renewal of a multi-year Point-of-Sale merchant processing agreement with National Processing Company, LLC, a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc.. Under the terms of the agreement, Vital will continue to serve as NPC’s primary provider of dial POS authorization and capture processing services.
“As a long-term, full-service business partner of NPC, Vital is honored that NPC has elected to renew our contract with them, and has reaffirmed Vital as NPC’s primary provider of point-of-sale merchant processing services,” said Jonathan Palmer, president and CEO of Vital. “We are pleased that the second largest acquirer in the industry recognizes the contribution Vital makes to NPC’s success, and we are committed to continuing to help NPC grow profitably by providing low-cost, high quality POS processing services.”
“Vital has provided a broad service offering to NPC throughout the years,” said Mark D. Pyke, chief operating officer of NPC. “We look to our strategic partners to help add value to our customers, and are confident in continuing our relationship with Vital.”
About National Processing, Inc.
National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company (NPC(R)) is a leading provider of merchant credit card processing. National Processing is 85 percent owned by National City Corporation (NYSE: NCC) (), one of the nation’s largest financial holding companies. NPC supports over 645,000 merchant locations, representing nearly one out of every five MasterCard(R) and VISA(R) transactions processed nationally. NPC’s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through world-class people, technology and service. Additional information regarding National Processing can be obtained at .
About Vital Processing Services
A leader in technology-based commerce enabling services, Vital Processing Services(R) (Vital(R)) is the commerce connection between acquirers and merchants, processing one out of every four authorized payment transactions in North America. From authorizing and capturing electronic payments at the merchant point of sale, to clearing and settling transactions, Vital provides highly reliable, integrated end-to-end processing services to more than 300 acquirers and over one million merchants. Vital processes all payment types for merchants of all sizes from a wide array of industries and provides merchants and acquirers with the information and tools to efficiently manage their payment processing businesses. Vital is a merchant processing joint venture of Visa U.S.A. and TSYS(R) (NYSE: TSS). Additional information regarding Vital can be found at .
