PHOENIX — The merchant credit card processor National Processing Co. has licensed new payment systems from Hypercom Corp. that it hopes will speed transactions at the point of sale.
The National Processing Inc. subsidiary signed a multiyear agreement to provide its merchant customers with Hypercom’s ICE 5500Plus and T7Plus card payment terminals and HFT quick-service payment technology.
“NPC actively targets industry segments that offer higher growth potential — such as quick service restaurants and midmarket petroleum,” said Mark D. Pyke, the chief operating officer for NPC.
He added: “Within these segments, transaction time at the point of sale is crucial. Merchants want to reduce lines and speed checkout. NPC now processes for more than half of the top 10 restaurant chains and petroleum brands in the United States.”
