7-Eleven Inc. has signed an agreement with The Nexxus Group to employ that company’s scan-based trading (SBT) process to handle payments with its newspaper distributors.
The Nexxus Group will use its proprietary SBT program to manage the newspaper category invoices for more than 7,800 branded 7- Eleven stores across the U.S.
“The Nexxus Group will assist in simplifying the process for our stores to have the newspapers our guests want every day,” said Rob Chumley, 7-Eleven Inc.’s vice president of Innovation.
“This partnership is an incredible achievement for the entire Nexxus Group family,” said Nexxus Group Co-founder and Chairman Jim Rao.
“We believe our SBT program will bring significant efficiencies to 7-Eleven’s newspaper-category management,” said Nexxus CEO Mark Landgren.