Midwest Payment Systems, a subsidiary of Fifth Third Bank, has signed a credit card merchant processing contract with Sterling Jewelers Inc., Akron, Ohio.

Sterling operates 780 stores, including such chains as Kay Jewelers, Belden Jewelers, and J.B. Robinson.

Midwest Payment processes 2.1 billion automated teller machine and point of sale transactions a year for more than 41,000 financial institutions and retailers. "We have made numerous technological investments over the past 18 months that enable us to offer economies-of-scale processing to large chain stores," said Barry L. Boerstler, senior vice president.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.