NOVA Partners with Costco Wholesale Canada to Extend Card Processing Services to Costco Business Members.
NOVA Information Systems (NOVA) today announced that its Canadian affiliate has partnered with Costco Wholesale Canada Ltd. (Costco Canada) to market and support payment processing services to Costco Canada's Business Executive Members. NOVA has had a similar agreement with Costco in the United States since 1997. Rollout commenced in early March. Costco currently operates 64 warehouse stores located in nine provinces throughout Canada.
"NOVA is a true partner in extending processing services to Costco Business Members," said Louise Wendling, senior vice president and country manager, Costco Canada. "The ability to offer our business members a solution for all their payment needs that is backed by one provider brings even more value to the Costco Executive Membership program."
"This transaction underscores NOVA's commitment to aggressive growth strategies," said Pamela Joseph, chairman, president and CEO, NOVA. "We look forward to extending the relationship we've built with Costco in the United States across the border to Canada. Their excellent reputation, combined with our competitive payment products, create a winning processing solution for the small business owner."
NOVA provides consolidated Visa, MasterCard, and Interac debit processing services. Merchants will have one source for processing, settlement services, and funding. NOVA offers terminal, PC-software, and Internet-based solutions to meet the needs of a wide variety of businesses. NOVA Information Systems Canada has been processing transactions since October 2004.
About Costco Wholesale Canada
Costco operates a chain of membership warehouses that sell high quality, nationally branded and selected private label merchandise at low prices to businesses (Business Members) purchasing for commercial use, personal use, or resale, and also to individuals (Gold Star Members). Costco currently operates 451 warehouses, including 333 in the United States and Puerto Rico, 64 in Canada, 25 in Mexico, 15 in the United Kingdom, 5 in Korea, 5 in Japan and 4 in Taiwan. The Company also operates Costco Online, an electronic commerce web site, at www.costco.ca.
NOVA Information Systems Canada is an affiliate of NOVA Information Systems, a leader in the payment processing industry, and a wholly owned subsidiary of U.S. Bancorp (NYSE:USB). NOVA partners with financial institutions, independent sales organizations, associations, government agencies and community banks to offer integrated payment processing services to their merchants and retailers. NOVA's products include credit and debit card processing services, software applications, electronic check conversion, gift card solutions and other value-added services to more than 750,000 merchant locations in the United States, Canada and Europe. For more information visit www.novainfo.com.
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|Date:||Mar 9, 2005|
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