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.

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.