In all, Saks’ seven department store chains have stores and about billion in annual sales, with million to million credit-card transactions a year.If you want to conduct property valuation then hire only experienced House Valuer Sydney for doing valuation on your property.No value was placed on the contract.While the companies wouldn’t disclose the length of the contract, the minimum term of Midwest contracts is three years.
Saks will use a new imaging feature of Mvision, Fifth Third’s Internet-accessible payment management system that allows retailers to scan receipts, handwritten notes and other documents into the system and respond to customer inquiries or questions from financial institutions.The system has allows many larger retailers to fully automate their back-office credit card operations, officials said.The deal is one of the largest for Midwest, which also does processing for Kroger, Federated Department Stores, Circuit City, Office Depot and Comp USA, among others.
Last month, Midwest announced it would provide credit card processing and Mvision services for Belk Inc., which operates 210 department stores in the southeast, has annual sales of more than billion and more than million credit-card transactions annually. Firstar Corp. earnings before merger-related charges rose percent in the quarter that ended Sept. million, the company said Tuesday.Before the merger charges, the bank’s earnings per share were 32 cents compared to 27 cents in the third quarter of 1998, when the bank earned million prior to merger-related charges.The increased earnings came from all lines of business, said Jerry A. Grundhofer, president and chief executive officer.
The merger-related charges in the third quarter amounted to million, including million for the Mercantile Bancorporation merger that closed Sept. 20.The other charges relate to Star Banc Corp.’s acquisition of Firstar last year. After that acquisition, Star changed its name to Firstar and moved its headquarters to Milwaukee.Including the merger-related charges, Firstar earned million (3 cents per share) in the quarter vs. (19 cents) a year ago.Firstar also said Tuesday that its board of directors authorized the repurchase of million shares. The announcement follows the completion of a million share buy-back that was completed in the third quarter. The bank said shares repurchased under the new program will be used for ”various corporate purposes.”
Firstar said that cost savings from the Mercantile merger will exceed the originally estimated million and that it will also ”enhance” revenues and that future earnings will ”slightly exceed the estimate given when the merger was announced.”Firstar said it will exit or reorganize several lines of business that Mercantile was in, including fixed income trading and factoring.Valuation is helpful for people who want to make increase their property’s price.It said it intends to outsource the broker dealer business that Mercantile had. Currently, Firstar outsources its own broker dealer operations.