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Technology Stocks : NAP: National Processing, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (7)	9/6/2001 8:37:29 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

National Processing Company to Provide Commission Payment and Reporting for JAL Hotels Company Ltd. biz.yahoo.com LOUISVILLE, Ky., Sept. 6 /PRNewswire/ -- National Processing Company (NPC®) a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP - news) announced the signing of an agreement with JAL Hotels Company Ltd. to utilize NPC Commission Express(SM) for its commission payment and reporting services. NPC Commission Express is one of the travel industry's leading third-party electronic settlement systems, currently settling commission payments for over 110,000 travel agencies in more than 25 different currencies. JAL Hotels Company Ltd. (JAL Hotels), a hotel operating company, was established in 1970 as a subsidiary of Japan Airlines. The company currently operates two brands of hotel properties: Nikko Hotels International (NHI) and Hotel JAL City. NHI is a hotel chain that provides luxury facilities and services at urban locations and resort destinations around the world. Hotel JAL City is an independent brand focusing on the specific needs of the business traveler, predominantly at locations along Japan Airline domestic route destinations. ``We are delighted to partner with JAL Hotels,'' said John T. McRae, II, Senior Vice President of Payment Services for NPC. ``JAL Hotels is known throughout the world for providing first-class products and services. NPC Commission Express will enable JAL Hotels to enhance their product offerings -- speeding commission payments to the agents that sell their products and services worldwide.'' ``NPC 's broad-based knowledge and experience delivering payment solutions to the travel industry made them the logical choice for our automated commission disbursements,'' said Nobuaki Tatsuoka, deputy executive officer of Marketing & Operations for JAL Hotels Company Ltd. ``We will begin using NPC's services for our properties in Japan, and then eventually expand to properties worldwide.'' About JAL Hotels Company Ltd. JAL Hotels Company Ltd. has a capital of 4.272 billion yen, and its 2000 sales amounted to 129 billion yen. The company operates two hotel brands; ``Nikko Hotels International'' and ``Hotel JAL City'', with a total of 51 hotels (30 in Japan and 21 overseas), and 16,346 rooms.