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

To: JakeStraw who wrote (11)	10/4/2001 1:02:23 PM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Fandango, Inc. Signs Merchant Processing Agreement biz.yahoo.com LOUISVILLE, Ky., Oct. 4 /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 signing of a multi-year credit card processing agreement with Fandango, Inc., the fastest-growing movie-ticketing company in the United States. Under the terms of the agreement, Fandango will use NPC's VirtualPay(SM) product for authorization and settlement of Visa® and MasterCard® transactions. NPC's VirtualPay is a state-of-the-art electronic payment service that combines the latest in security features with the convenience of on-line payment capabilities. Headquartered in Santa Monica, California, Fandango provides advance tickets, showtimes and more for consumers to view and purchase on the Internet and by phone. Fandango's partners include seven of the nation's largest movie exhibitors: Carmike Cinemas®, Century Theatres®, Cinemark Theatres®, Edwards Theatres®, General Cinemas®, Loews Cineplex Entertainment® and Regal Cinemas®. Together, these exhibitors represent more than 14,000 movie screens -- more than 40 percent of the U.S. theater market. Utilizing the latest in technology, Fandango is changing the way America goes to the movies through Print-at-Home tickets, express theatre and concession lines and more. ``Through technology and foresight Fandango has captured a tremendous opportunity to change the way consumers 'shop' for entertainment,'' said Drew Soinski, senior vice prisident of Travel & Entertainment for NPC. ``We are delighted to be providing the on-line electronic payment link that is so vital for this service. Our Virtual Pay product provides any retailer the capabilities to offer secure on-line sales and expand their on-line capabilities while minimizing risk.'' ``When selecting a processor, we wanted to find the best in the industry to provide Fandango's moviegoers with unsurpassed service,'' said Art Levitt, president and chief executive officer of Fandango, Inc. ``Working with NPC, Fandango will be able to provide added levels of convenience and assurance to our users, who want processing that's not secure, but fast and simple.''