Meanwhile, PayPal acquires mobile payments firm Paydient.
ShopNBC will deploy a full scope of payment processing and payments intelligence solutions available through Litle, including the consumer card data security solutions found in Litle Vault.
LOWELL, Mass. and EDEN PRAIRIE, Minn., April 12, 2012 /PRNewswire/ -- ShopNBC, a multichannel electronic retailer, and Litle & Co., a leading payment processing company for consumer-direct brands, today announced ShopNBC's move to Litle for all payment processing solutions. ShopNBC will deploy a full scope of payment processing and payments intelligence solutions available through Litle, including the consumer card data security solutions found in Litle Vault.
"ShopNBC's decision to engage in Litle's payment processing solutions supports our commitment to provide customers a 'Shop with Confidence' experience across all touchpoints, including our customer payment operations," said Joan Radtke, director of credit, ShopNBC. "Litle was responsive to our needs and was able to provide creative and technology-rich solutions that work within our existing systems framework. Litle's tokenization solution will be an invaluable tool to the many parts of our organization and will also enable ShopNBC to continue to provide customers a safe and secure shopping experience."
"We are privileged to serve ShopNBC, one of the most respected consumer-direct brands and an early pioneer in card-not-present commerce," said Lisa Tennant, vice president, customer experience management, Litle & Co. "We will work to help ShopNBC derive more value from their consumer relationships, providing the kind of payments intelligence that deepens existing relationships and safeguards them over a lifetime of payments."
ShopNBC is a multichannel electronic retailer that enables customers to interact and shop via TV, Internet, mobile devices, Facebook, Twitter and YouTube. The ShopNBC television network reaches over 81 million cable and satellite homes, in addition to live nationwide streaming at www.shopnbc.com and iPhone and Android devices. ShopNBC merchandise is focused on the categories of home, consumer electronics, health, fitness, beauty, fashion, accessories, jewelry and watches. Please visit the company's investor relations website at www.shopnbc.com/ir for this and other company information.
About Litle & Co.
Litle & Co. is the payment processing and intelligence engine behind leading ecommerce and consumer-direct brands, including Overstock.com, Ancestry.com, Gilt Groupe, Guthy-Renker, ShopNBC and Wayfair.com. An authority in card-not-present payments, transaction processing and merchant services, Litle & Co. powers the payment processing engines for leading brands that sell directly to consumers through multichannel and Internet retail, online services, subscription-membership models and direct response marketing. The company is committed to creating customer success through Voice of the Customer initiatives, including Net Promoter Score (NPS), and won 2010 and 2011 Stevie® Awards for eCommerce Customer Service and Product and Service Innovation respectively. To learn more about Litle & Co. visit http://www.litle.com or call 1-800-548-5326.