NOVA Information Systems announced an alliance with Union Planters Corporation to provide payment-processing services to the bank’s more than 12,000 merchant customers located in 12 states. NOVA — the country’s third largest merchant payment processors — will immediately begin implementation of its merchant-processing contract, valued at $1.7 billion in charge volume, with Memphis-based Union Planters. “Our alliance with NOVA will mean greater service and convenience to our merchant customers,” said Bobby L. Doxey, Sr. Executive Vice President and CFO of Union Planters. “We expect our customers to benefit from a broader range of merchant products and services,” he added. Within the year, Union Planters plans to expand the alliance to include additional NOVA products and services designed to meet the growing business needs of its merchant customers.
Founded in 1869, Union Planters (NYSE:UPC) is a multi-state bank holding company offering banking, investment, mortgage and insurance services to more than two million individuals and businesses. At June 30, 2001, UPC was the 28th largest bank holding company in the nation based on total assets. The U.S. Small Business Administration has consistently ranked the company one of the most small business-friendly lenders in the country. For more information, visit their web site at [www.unionplanters.com].
Atlanta-based NOVA Information Systems manages and transports payment and other business information on behalf of retailers, community banks and regional financial institutions. NOVA specializes in providing integrated credit and debit card payment processing services, related software application products and value-added services to more than 650,000 merchant locations in the United States. For more information on the company, visit [www.NOVAinfo.com].