Midwest Payment Systems, a subsidiary of Fifth Third Bancorp, has signed a merchant processing contract with Sally Beauty Co. of Denton, Texas.

The company will process Visa, MasterCard, American Express, and Discover card transactions.

Midwest Payment Systems expects to handle 3.7 million card transactions a year from the international beauty-products distributor, a subsidiary of Alberto-Culver. It generates $112 million in annual credit card sales.

Midwest Payment Systems processes more than 1.7 billion automated teller and point-of-sale transactions a year.

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