NOVA Information Systems (NOVA), a subsidiary ofU.S. Bancorp (NYSE:USB) and American Express (NYSE:AXP) have signed an agreement under which NOVA will sign up and service American Express merchants. NOVA will add American Express Card acceptance to the payment processing services offered to merchants, and provide them with processing, settlement, customer support and reporting for all major card brands.
NOVA will now be able to offer American Express services to both its existing merchants and new U.S. merchants it signs each month. With this deal, NOVA now provides processing services for all major card brands — American Express, Discover Network, MasterCard and Visa.
"The ability to include American Express Card processing and funding in our merchant services package eliminates the complexities businesses face when dealing with multiple providers and expands payment choices for consumers," Stuart C. Harvey, Jr., president of NOVA, said in a statement.