7-Eleven has signed a seven-year contract extension with Heartland Payment Systems (NYSE: HPY), one of the nation's largest payments processors.
Under the extension to the current contract, Heartland will continue authorizing and settling credit and debit card transactions for more than 5,800 7-Eleven-branded convenience stores nationwide.
"Over the past two years, 7-Eleven has realized the benefits of Heartland's efficient, state-of-the-art card processing capabilities - and importantly, its responsive service," said David Seltzer, 7-Eleven's vice president and treasurer. "Heartland professionals are available whenever we need assistance, and their knowledge of the convenience and petroleum industries is critical for our operations and delivery of superior shopping experiences for our customers."
Bob Carr, Heartland's chairman and chief executive officer, added, "7-Eleven is the nation's ultimate main street merchant, bringing convenience and value to the lives of millions of consumers. 7-Eleven's customers expect the convenience of quick and accurate card transactions. We are pleased to continue supporting this industry leader and its customer-centric approach."