Hi Manny,
Is there any possibility that ECNC could be added to this loop:
September 28, 1999 09:50
Air Travel Card, QSP Inc. and National Processing Company Announce Joint Venture; InControl To Provide Complete Outsource Solution for Airline's Air Travel Card Billing Needs
RALEIGH, N.C.--(BUSINESS WIRE)--Sept. 28, 1999--Air Travel Card, the world's first business travel payment system, today announced a partnership with QSP Inc. and National Processing Company (NPC) called "InControl(TM)." Utilizing QSP software with NPC as the processor, InControl is the first system to provide airlines with a complete outsourcing solution for their Air Travel Card billing needs.
InControl is a comprehensive service which processes Air Travel Card receivables and account billing information - - the main financial functions required for airlines issuing the card. InControl has multiple advantages over competitive products which include: cross-platform architecture, which allows it to run natively on both the mainframe and client/server environments commonly in use by airlines; full service outsourcing capabilities; interline accounting and settlement processing and international VAT tax calculation capabilities. It also has the added advantage of being offered by a third party vendor unaffiliated with any airline, which is extremely important in the highly competitive airline industry.
"InControl allows Air Travel Card to offer a complete and affordable solution to a large number of customers for the first time since the industry consortium first introduced the card in 1936," said Richard Crum, Managing Director of Air Travel Card. "This partnership allows us to provide InControl to numerous airlines who previously found developing their own billing system to be cost-prohibitive or are searching for a more cost-effective way to process their Air Travel Card transactions."
InControl is priced on a per transaction basis allowing carriers the opportunity to issue an Air Travel Card without a large upfront investment.
"This partnership further demonstrates QSP's commitment of providing leading edge financial solutions that are cost effective to the airline industry," said Gordon Quick, Vice President of Marketing for QSP Inc.
About NPC
NPC is the operating company of National Processing, Inc. (NYSE:NAP) and is a leading provider of merchant credit card processing services and corporate outsourcing solutions. NPC serves as the processing and settlement agent for approximately 80 percent of all airline tickets sold in the U.S. It is also a major provider of other travel related services. Approximately 88 percent of NPC is owned by National City Corporation (NYSE: NCC), a Cleveland based $84 billion bank holding company.
About QSP
QSP enables financial process optimization through its financial software, professional services and e-business solutions. QSP serves major organizations in over 20 countries from offices throughout the U.S., UK and Asia Pacific. QSP has clients in key vertical markets including airlines, finance, retail, utilities, insurance and government. Customers include America West Airlines, Stop & Shop Supermarkets, Office Depot, Burns International Services Corporation, British Airways, the London Stock Exchange, Commercial Union and BMW. QSP Financials is a fully integrated, multi-platform (mainframe, UNIX and Windows NT) suite of real-time financial information systems for clients with large user populations and transaction volumes. QSP Financials is Internet enabled, fully Year 2000 compliant and ready for European Monetary Union (EMU). For more information on QSP, its products and services, visit the company Web site at www.qspinc.com or call 800-326-3435.
About Air Travel Card
Air Travel Card is the business travel payment system issued by 27 airlines and accepted by more than 200 air carriers around the world. As a part of its global network, Air Travel Card owns and licenses the brands AirPlus(TM) (Europe) and PassAge(R) (Asia) that provide value-added benefits to travelers.
More information on InControl can be found at airtravelcard.com.
CONTACT: QSP Inc. Beaupre & Co. Public Relations Inc.
Linda Mersereau Darby Johnson
(919) 872-4029 (603) 559-5809
lindam@qspinc.com djohnson@beaupre.com
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