National Processing Company announced today that Trader’s Joes has renewed its agreement with NPC and signed a multi-year contract for merchant processing services. Under the terms of the agreement, NPC will provide settlement for all Trader Joe’s VISA and MasterCard transactions.
Trader Joe’s owns and operates 156 stores in fourteen states providing a different approach to grocery store shopping — products are unique, many exclusively designed for Trader Joe’s. Trader Joe’s currently offers more than 800 private label grocery items confirming their mission to bring the best food and beverage values anywhere to their customers and to provide the information necessary to make informed buying decisions.
“NPC is pleased to renew its relationship with Trader Joe’s,” said Mark Pyke, executive vice president of Merchant Services for NPC. “Like Trader Joe’s, NPC strives to offer superior products and outstanding service to our customers. We do this by leveraging our economies-of-scale, coupled with our economies-of-skill; i.e. having one of the most experienced groups of industry professionals on staff. This formula translates to a win-win relationship for NPC, and our clients.”
! About Trader Joe’s
Trader Joe’s began in 1958 as a chain of convenience stores in the Los Angeles area, and has grown to become a prestigious retailer offering over 800 unique grocery items, as well as hard-to-find boutique (domestic and imported) wines and gourmet food items, at outstanding prices. Still privately held and company-operated, Trader Joe’s operates 156 stores in fourteen states. Customers enjoy the combination of great prices, intriguing food and friendly service – creating a fun place to shop. Additional information regarding Trader Joe’s can be obtained at [www.traderjoes.com] .
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 87 percent owned by National City Corporation (NYSE: NCC) ( http://www.nationalcity.com ), a Cleveland based $91 billion financial holding company. NPC supports over 500,000 merchant locations, representing nearly one out of every five Visa(R) and MasterCard(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 our world-class people, technology and service. Additional information regarding National Processing can be obtained at [www.npc.net] .