ATLANTA--(BUSINESS WIRE)--March 23, 2005--
NOVA to Continue to Provide Payment Processing Services to
Regions Bank and Union Planters Bank Merchants
NOVA Information Systems (NOVA) today announced it has extended
its marketing alliance agreement with Alabama-based Regions Financial
Corporation (NYSE:RF) for its merchant referral business marketed
through Regions Bank and Union Planters Bank offices.
NOVA will continue to provide processing services, customer
service and support operations to Regions' existing merchant client
base, which represents more than $2.3 billion in processing volume.
New merchant services referrals will be marketed through Regions' bank
branch system of 1,400 locations in 15 states throughout the South,
Midwest and Texas.
"NOVA's robust payment processing capabilities, coupled with its
strong and reliable customer service, are aligned with our commitment
to keeping the customer first and providing long-term value," said
Regions' director of marketing Andrew Rosen. "The NOVA merchant
processing relationship continues to prove valuable to our
Pamela Joseph, president and chief executive officer of NOVA
Information Systems, said her company truly appreciates the
relationship it now has had with Regions for more than a decade.
"Our ability to continually deliver value to our bank customers,
while keeping our merchant customers current with the latest in
security and payment solutions, contributes to our strong position in
the market today," Joseph said.
NOVA has provided processing services to Regions since 1993.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), headquartered in
Birmingham, Ala., is a full-service provider of retail and commercial
banking, securities brokerage, mortgage, and insurance products and
services. With its merger with former Union Planters Corp. complete,
Regions had assets of $84.1 billion as of Dec. 31, 2004, making it one
of the nation's Top 15 financial services providers. Regions' banking
subsidiaries, Regions Bank and Union Planters Bank, operate some 1,400
offices and a 1,700-ATM network across a 15-state geographic footprint
in the South, Midwest and Texas. Its investment and securities
brokerage, trust and asset management division, Morgan Keegan &
Company Inc., provides services from more than 145 offices. Additional
information about the new Regions, which is a member of both the
Forbes and Fortune 500 and operates one of the Top 20 mortgage
companies in the United States, can be found at www.regions.com.
NOVA Information Systems, a leader in the payment processing
industry, is a wholly owned subsidiary of U.S. Bancorp (NYSE:USB).
NOVA partners with financial institutions, independent sales
organizations, associations, government agencies and community banks
to offer integrated payment processing services to their merchants and
retailers. NOVA's products include credit and debit card processing
services, software applications, electronic check conversion, gift
card solutions and other value-added services to more than 750,000
merchant locations in the United States, Canada and Europe. For more
information visit www.novainfo.com.
CONTACT: NOVA Information Systems
Michelle Graff, 678-731-5064
SOURCE: NOVA Information Systems