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September 8, 2008 (Computerworld) Rent-A-Center Inc. recently replaced about 700 different networking service contracts with a single three-year agreement to service its 3,000 rent-to-own stores in North America.
The agreement, reached by the Plano, Texas-based retailer and Verizon Business earlier this year is valued at $34 million for three years, Bob Rapp, Rent-A-Center chief technology officer, said Friday.
Verizon Business, a unit of Verizon Communications Inc., provides Rent-A-Center with a private IP network running under MPLS (Multiprotocol Label Switching), giving nearly all of the 3,049 stores secure connections at 384Kbit/sec., Rapp said. That connection allows the stores to send back sales and other data to Plano or regional locations, but also allows for security that meets the Payment Card Industry (PCI) Data Security Standard for transmitting sensitive financial information on rental agreements

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