NOVA Becomes Single Point of Contact for Statements, Settlement and SupportATLANTA & NEW YORK, Jan 17, 2008 (BUSINESS WIRE) -- NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S.
Bancorp (NYSE: USB), and American Express (NYSE:AXP) today announced
the signing of an agreement under which NOVA will sign up and service
American Express merchants on behalf of American Express. Under the
terms of the agreement, NOVA will add American Express(R) Card
acceptance to the payment processing services offered to merchants.
NOVA will provide processing, settlement, customer support and
reporting to merchants for all major card brands.
NOVA will have the ability to offer American Express services to
the thousands of new U.S. merchants it signs each month. The program
is also open to existing NOVA merchants that wish to now add American
Express Card acceptance and use NOVA as their single point of contact.
With this agreement, NOVA now provides processing services for all
major card brands -- American Express, Discover(R) Network,
MasterCard(R) and Visa(R) -- simplifying the process for merchants who
would like to have one company to contact regarding any questions or
Under this agreement, NOVA will offer processing and support
services to small and mid-size merchants meeting defined processing
parameters. American Express will retain the Card acceptance contract
with the merchants, continue to set merchant pricing, perform
authorizations, , and receive the same transactional information it
does today. The program will be available to merchants that are new to
American Express Card acceptance beginning in the second half of 2008
"NOVA continually strives to improve the customer experience for
our many small business clients," said Stuart C. Harvey, Jr.,
president, NOVA. "The ability to include American Express Card
processing and funding in our merchant services package eliminates the
complexities businesses face when dealing with multiple providers and
expands payment choices for consumers."
"We are proud to offer this new program with NOVA to small to
mid-size merchants. Now they have a new way to streamline payment
acceptance for all card brands, allowing business owners to focus on
meeting the needs of their customers," said Kim Goodman, executive
vice president, Merchant Services North America, American Express.
"Consumers will also enjoy the convenience of being able to use the
American Express Card at even more locations and the opportunity to
earn valuable rewards whenever they use their Card."
NOVA Information Systems, a leader in the payment processing
industry is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB).
NOVA and its European affiliate Elavon provide global merchant
processing services to financial institutions and clients in the
United States, Canada, Puerto Rico and Europe. NOVA offers integrated
payment processing services to more than 1,000,000 merchants
worldwide. For more information, visit www.novainfo.com.
About American Express
American Express Company is a leading global payments, network,
travel and banking company founded in 1850. Merchant Services is the
merchant network of American Express, which acquires and maintains
relationships with millions of merchants around the globe, which
welcome American Express-branded Cards.
SOURCE: NOVA Information Systems
NOVA Information Systems
Michelle Wagner, 678-731-5064
Sarah Meron, 212-640-5503