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Technology Stocks : NAP: National Processing, Inc.
NAP 2.500+0.7%Dec 13 4:00 PM EST
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To: JakeStraw who wrote (45)12/3/2002 9:09:27 AM
From: JakeStraw  Read Replies (1) of 72
 
Jack in the Box Inc. Signs Merchant Processing Agreement with National Processing Company
Tuesday December 3, 8:55 am ET
biz.yahoo.com
LOUISVILLE, Ky., Dec. 3 /PRNewswire-FirstCall/ -- National Processing Company (NPC®), a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced the signing of a multi-year credit card processing agreement with Jack in the Box Inc. (NYSE: JBX), operator and franchiser of Jack in the Box® restaurants. Under the terms of the agreement, NPC will provide authorization and settlement services for all MasterCard® and VISA® transactions accepted at participating Jack in the Box restaurants.

"NPC has quickly become the processor of choice for many in the quick- service industry," said Tim Munto, senior vice president and general manager of National Sales for NPC. "Jack in the Box is a leader in the industry and were among the first to offer credit cards as an alternative payment option. We are honored to have been selected as their processor of choice and look forward to providing the kind of products and services that are required to meet the needs of their customers."
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