National Processing Company (NPC), a Vantiv, Inc. subsidiary (NYSE: VNTV), and Security Card Services, LLC (SCS) announced today that they have entered into a multi-year agreement with Susquehanna Bank, a premier provider of banking and financial services, as its exclusive provider of merchant debit and credit card processing services. Susquehanna Bank, located throughout the mid-Atlantic region, serves customers and communities at its 261 branch locations. The agreement expands the portfolio of merchant bank branches that Vantiv serves on the East Coast.
“We are pleased that Susquehanna Bank has chosen NPC and SCS to provide merchant services to their commercial customers,” said James Oberman, NPC Managing Director. “Susquehanna’s strong customer service, combined with our broad portfolio of merchant services and scale processing, creates a cost-effective solution that helps Susquehanna further grow their commercial customer base.”
Merchant services programs provide the ability for local businesses to accept various forms of payments such as debit cards, credit cards and gift cards across various platforms including at retail locations, online and with mobile devices. The high levels of access and 24/7 support offered by NPC and SCS provides financial institutions a turnkey, integrated processing solution that can help their commercial customers meet their business goals. And, with an advanced reporting tool, these merchants businesses can better plan and manage their bottom line.
“At Susquehanna, we work every day to ensure our commercial customers have the payments tools they need to be successful,” says Greg Duncan, Executive Vice President, Chief Operating Officer, Susquehanna Bank. “By partnering with NPC, our clients are provided high-quality processing solutions that allow them to focus on doing what they do best, running their businesses.”
NPC is one of the largest providers of payment processing services exclusively focused on the small-to-medium merchant processing market. NPC offers a wide range of payment processing services to merchants and financial institutions, from point-of-sale credit card and debit card processing to integrated e-commerce solutions. More than 200,000 merchants nationwide trust NPC and its partners to process their electronic payments. Under the agreement, SCS will provision merchant accounts and help provide customer support to Susquehanna Bank.
For more information about NPC’s merchant services for financial institutions, please visit npc.net, vantiv.com or Twitter, Facebook, LinkedIn and Google+. For more information about Susquehanna Bank, please visit susquehanna.net or on Facebook, LinkedIn or Twitter.
About Susquehanna Bank
Susquehanna Bank provides banking and financial services at 261 branch locations in the mid-Atlantic region. It is a subsidiary of Susquehanna Bancshares, Inc., a financial services holding company with assets of $18 billion and 3,400 employees. Through Susquehanna Wealth Management, the holding company offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services, with approximately $7.8 billion in assets under management and administration. Susquehanna also operates an insurance brokerage and employee benefits company, a commercial finance company and a vehicle leasing company. For more information, please visit www.susquehanna.net.
About Security Card Services (SCS)
Security Card Services, LLC was founded in 1996 and is headquartered in Oxford, Mississippi. SCS is focused on providing merchant services through Community Banks, Credit Unions, and Retail Associations. SCS currently supports nearly 2,000 bank locations providing merchant services for over 15,000 merchant locations processing nearly $2 billion in volume. As a provider of merchant services to community banks across the United States, Security Card Services understands that excellent customer service is vital to the success of a Merchant Services program. For more information, please visit www.scservicesllc.com
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV), is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company’s growth strategy includes expanding further into high growth payment segments, such as prepaid, ecommerce, mobile and information solutions, and attractive industry verticals, such as business-to-business, government, healthcare and education. For more information, visit www.vantiv.com.
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