SPS Transaction Services Inc., a third-party provider of operating services, reported that net operating revenues for the third quarter ended Sept. 30 rose 20% to $62.2 million from $51.7 million in 1993.

SPS said third-quarter revenue increases reflected growth in fees generated by management of private-label credit card programs, operation outsourcing activities, and an increase in finance charge income derived from the private-label credit cards SPS issues on behalf of its clients.

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