National Processing Company announced the signing of a multi-year agreement with Thornton Oil Corporation to provide credit and debit card payment processing. Under the agreement, NPC will provide settlement services for all VISA, MasterCard and debit card transactions.
Thorntons, headquartered in Louisville, Ky., is one of the nation’s leading regional convenience store chains, operating 134 stores in five states. Thorntons will benefit from NPC’s extensive experience and leadership providing processing solutions for the petroleum/convenience store industries.
“NPC is excited about regaining the Thorntons account after a brief hiatus,” said Mark Pyke, executive vice president of Merchant Services for NPC. “NPC got its start processing credit card payments for the petroleum industry in the 1960s, and has a long history of providing high quality payment solutions that minimize costs associated with card acceptance. Our clients benefit from NPC’s processing scale and efficiencies, coupled with superior quality and performance.” Mike Rodgers, Vice President Sales Planning for Thornton Oil Corporation said, “We are very pleased with renewing our electronic payment processing business with NPC. NPC has demonstrated proven leadership and expertise, and has shown a willingness, through flexibility, to meet our processing needs.”
About Thornton Oil Corporation
Thornton Oil Corporation was founded in 1971 by Chairman, James H. Thornton. Headquartered in Louisville, KY, Thornton’s operates in five states, Kentucky, Ohio, Indiana, Illinois and Connecticut. With over $650,000,000 in annual revenue, Thornton’s ranks among the 500 largest privately held firms in the United States. They are one of the largest independent convenience store and gasoline marketers in the country and rank in the top ten percent in nearly every industry key performance indicator reported by the National Association of Convenience Stores (NACS).
About National Processing Company
NPC is a leading provider of merchant credit card processing. NPC is 87 percent owned by National City Corporation (NYSE: NCC) ( [http://www.national-city.com] ), a Cleveland based $89 billion financial holding company, supporting 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 NPC can be obtained at [http://www.npc.net].