Office Depot and Century Payments to Launch Office Depot Merchant Services

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot (NYSE:ODP), celebrating 25 years as a leading global provider of office supplies and services, today announced the launch of Office Depot Merchant Services, an electronic payment processing service for small and medium-sized businesses.

“Office Depot’s philosophy is about helping small and medium-sized businesses, and now with the addition of a Merchant Services product, customers will be able to get all the resources they need to start and grow their business in a single destination.”

In partnership with Century Payments, Office Depot is the first office supply retailer to provide a private branded solution to enable small and medium-sized businesses with direct access to accept electronic payments via all major debit and credit cards at the point-of-sale. Businesses can now conveniently accept payments using a variety of cutting-edge equipment options that will allow companies to process payments from a retail location, through the Internet or with a mobile device.

“Understanding how to accept different types of electronic payments and choosing the right merchant processor for your business is vital,” said Steve Schmidt, Executive Vice President, Corporate Strategy and New Business Development for Office Depot. “Office Depot Merchant Services makes it simple to accept all types of credit cards – no matter what type of business you have.”

When utilizing Office Depot Merchant Services, all customers will receive a smart solution to run their business. Office Depot’s partnership with Century Payments provides customizable payment solutions that are convenient for the merchant and consumer, trusted and secured banking to ensure quick and safe transactions and a unique rate-matching option that will meet or beat other offers.

“We are pleased to partner with Office Depot to provide their business customers with a convenient and reliable electronic payment option,” said Christian Campbell, Executive Vice President of Business Development for Century Payments. “Office Depot’s philosophy is about helping small and medium-sized businesses, and now with the addition of a Merchant Services product, customers will be able to get all the resources they need to start and grow their business in a single destination.”

In addition to simplifying payment processing, Century Payments has pledged to donate one backpack to the Office Depot Foundation for every new customer that activates an account with Office Depot Merchant Services.

To learn more about Office Depot Merchant Services, please call 1-877-409-4849 or visit www.officedepotmerchantservices.com.

To learn more about the products and services available at Office Depot, please visit your local Office Depot retail store location or OfficeDepot.com. To become a fan of Office Depot on Facebook and receive exclusive content, offers and more, please visit www.facebook.com/officedepot. To follow Office Depot on Twitter, please visit www.twitter.com/officedepot.

About Century Payments

Century Payments, Inc. is a nationally recognized leader in the electronic payment processing industry, dedicated to developing the most progressive, dynamic programs to benefit merchants, partners and agents alike. Through white label alliance programs, Century is the fastest growing electronic payments company having boarded over 50,000 merchants in the last three years and processing close to $10 billion in annual volume. In 2011, Century entered into an elite group recognized on the Inc. 500 list as one of the top 20 fastest growing, privately owned businesses for two consecutive years. The company is headquartered in Frisco, Texas. Visit www.centurypayments.com for more information.

About Office Depot

Celebrating 25 years as a leading global provider of office supplies and services, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides supplies and services to its customers through 1,627 worldwide retail stores, a dedicated sales force, top-rated catalogs and global e-commerce operations. Office Depot has annual sales of approximately $11.6 billion, and employs about 40,000 associates around the world. The Company provides more office supplies and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 56 countries.

Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com and http://socialpress.officedepot.com/.