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

To: JakeStraw who wrote (10)	10/2/2001 9:46:30 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Pep Boys Renews Merchant Processing Agreement with National Processing Company biz.yahoo.com LOUISVILLE, Ky., Oct. 2 /PRNewswire/ -- 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 renewal of a multi-year credit card processing agreement with Pep Boys (NYSE: PBY). Under the terms of the agreement, NPC will provide Pep Boys authorization and settlement services for all credit and debit card transactions. Pep Boys is the nation's leading full-service automotive aftermarket retail and service chain with nearly 6,500 service bays, 12.9 million square feet of retail space, and 1.9 million square feet of warehouse space. They serve all four automotive aftermarket segments: the do-it-yourself, do-it-for- me, buy-for-resale and replacement tires; and pride themselves on providing the best customer service and the highest quality service work available anywhere. ``NPC has maintained a long-term relationship with Pep Boys underscoring the importance that we place on providing premier service and quality products, said Mark D. Pyke, executive vice president of Merchant Services for NPC. ''Pep Boys has benefited from NPC's expertise in the industry and the economies of scale we provide.`` ``We have relied on NPC to provide cost-effective merchant processing solutions that fits right in line with the way we do business,'' said James Monyak, controller of Pep Boys. ``Partnering with NPC has allowed us to focus on issues critical to our business, without sacrificing any control or quality of our payment system. Fast, efficient, hassle-free checkout is paramount in our business and NPC's solution exceeds our customers' expectations.''