Card Briefs: Fifth Third Bank Unit To Process for Phar-Mor

Midwest Payment Systems Inc., the transaction processor owned by Fifth Third Bank, said it has signed a credit card and debit card merchant processing contract with Phar-Mor Inc.

Midwest Payment Systems will handle MasterCard, Visa, Discover, and American Express transactions for the $1 billion retailer, which has 104 stores in 19 states.

"Phar-Mor chose us because of our expertise in high-volume processing, and we're looking forward to enhancing their systems," said Barry L. Boerstler, senior vice president, Midwest Payment.

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