National Processing Company announced the signing of a multi-year processing agreement with K*B Toys. Under the agreement, NPC will provide an end-to-end processing solution for all K*B Toys’ Visa and MasterCard transactions.
K*B Toys is the nation’s largest combined mall-based and online specialty toy retailer operating more than 1,300 stores across the United States, Guam and Puerto Rico. Under the agreement NPC will provide front-end authorization and settlement services for all card-based transactions accepted at K*B Toys locations and outlets. NPC will also process all Visa and MasterCard transactions from online sales on their website, http://www.kbkids.com.
“We were impressed with the level of quality and service that NPC has continued to deliver retailers,” said David MacPhee, vice president of Finance and controller for K*B Toys. “Partnering with NPC allows us to take advantage of processing scale and efficiencies as well as minimize costs associated with the acceptance of card-based transactions. NPC strives to understand and deliver merchant processing solutions that allows us to concentrate on issues critical to our business.”
“NPC is delighted to continue its relationship with K*B Toys,” said Mark Pyke, executive vice president of Merchant Services for NPC. “A key advantage of being a single-source processor is that we are able to partner with our clients. Since we are involved on an end-to-end basis, we are able to work more effectively with our clients to help expand their payment alternatives and reduce their cost.”
About K*B Toys
K*B Toys is the nation’s largest combined mall-based and online specialty toy retailer, operating more than 1,300 stores in all 50 states, the American Territory of Guam and the Commonwealth of Puerto Rico, doing business as K*B Toys, K*B Toy Works, K*B Toy Outlet, K*B Toy Liquidators, K*B Toy Express and with Online Shopping at KBkids.com ( http://www.kbkids.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. Additional information regarding National Processing can be obtained at http://www.npc.net .Details