Monday, April 16, 2007

American Airlines Selects NOVA Information Systems For Credit Card Processing

By Holly Lytle

Airline Chooses NOVA for Processing and Customer Support Services

ATLANTA - 16 April 2007 - NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE: USB), today announced that American Airlines (NYSE: AMR) has entered into a multi-year credit card processing services agreement for its domestic bankcard business. In addition to performing all clearing and settlement functions, NOVA will provide a full range of services, including customer support and chargeback processing.

“We were impressed with the expertise and professionalism of the NOVA organization as well as their vision for a global processing solution,” said Marc Sullivan, managing director, Revenue Accounting and Control, American Airlines. ”We are confident that NOVA will provide excellent service, and we look forward to building a lasting relationship.”

NOVA and euroConex, its European affiliate, currently provide processing services to 87 airlines worldwide, with more than 40 airlines operating in the United States. NOVA has made significant investments in technology and resources to enable it to accommodate the needs of international merchants.

“We are proud that American Airlines, the world’s largest airline, selected NOVA as its processing partner,” said Stuart C. Harvey, Jr., president, NOVA. ”Our experience in serving more than 80 airlines worldwide translates to an understanding of the unique processing requirements for the industry.”

###

About American Airlines

American Airlines is the world's largest airline. American, American Eagle and the AmericanConnection® airlines serve 250 cities in over 40 countries with more than 4,000 daily flights. The combined network fleet numbers more than 1,000 aircraft. American's award-winning Web site, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld® Alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members serve more than 600 destinations in over 135 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation.

AmericanAirlines, American Eagle, AmericanConnection, AA.com and AAdvantage are registered trademarks of American Airlines, Inc. (NYSE: AMR).

About NOVA

NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB). Combined, NOVA and its affiliates First Horizon Merchant Services, euroConex and Elan provide global merchant processing services to financial institutions and clients in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com.

Back To News