Dallas-based Alliance Data signs multi-year agreement with 7-Eleven

by PegNews wire

DALLAS — Alliance Data Systems Corporation, the Dallas-based provider of loyalty and marketing solutions derived from transaction-rich data, today announced that it has signed a multi-year agreement with 7-Eleven, Inc. to provide payment processing services to more than 5,500 7-Eleven-branded convenience stores nationwide. Headquartered in Dallas, 7-Eleven is the largest chain of retail convenience stores, operating, franchising or licensing more than 33,200 stores in 17 countries and one U.S. territory, with worldwide sales in 2006 exceeding $44 billion.

Under terms of the agreement, Alliance Data will provide 7-Eleven payment processing services including authorization and settlement for debit and credit transactions, and prepaid card services.

"We expect this partnership with Alliance Data will provide our stores with more efficient processing capabilities," said Robbie Radant, 7-Eleven's director of payment acceptance. "Since our inception in 1927, 7-Eleven has sought to bring innovation and superior customer service to our customers. Alliance Data's payment processing solution will help ensure that transactions are processed quickly and reliably, which ultimately further enhances the shopping experience for our customers."

"7-Eleven is widely recognized for its industry leadership and customer- centric approach to providing the right products, convenience and fast service for its customers," said Denise McCauley, senior vice president of Alliance Data's Network Services. "We are pleased to have the opportunity to provide payment solutions for 7-Eleven as well as support its focus on innovation now and into the future."

Source: Alliance Data Systems