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

To: JakeStraw who wrote (13)	10/22/2001 10:00:40 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

VeriFone and NPC Install More Than 25,000 Payment Terminals at Quick Service Restaurants Omni 3200 with SoftPay E-payment Software is Solution of Choice for Leading QSR Chains biz.yahoo.com SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 22, 2001-- VeriFone, Inc., the worldwide leader in electronic payment solutions, and National Processing Company (NPC®), a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE:NAP), today announced the installation of more than 25,000 VeriFone terminals to Quick Service Restaurants (QSRs) since the companies kicked off an aggressive marketing campaign early last year. Tricon's KFC and Pizza Hut restaurants represent just two of the many chains that have selected the solution consisting of VeriFone Omni 3200 or OmniPak terminals and SoftPay e-payment software at the point of sale, and NPC processing and support services for debit and credit. Combined, the chains are processing millions of transactions per year. KFC Corporation has deployed the solution to all 1,200 corporate stores and over 1,000 franchise locations, representing more than 5,000 point-of-sale installations. ``KFC is committed to providing our customers with convenience and choice,'' said Connie Hayes, director of banking and treasury development at Tricon. ``Card transaction availability underscores our dedication to providing superior customer service and will help us capture a larger share of the QSR market.'' ``Just as VeriFone pioneered the rapid deployment of credit authorization terminals twenty years ago, we continue to demonstrate our leadership in penetrating new market opportunities,'' said Douglas Bergeron, CEO, VeriFone. ``Ease of use and reliability are important in the QSR market, and we're pleased that NPC has demonstrated success in this market by utilizing VeriFone technology.'' ``NPC is a leading provider of payment services in the QSR market,'' said Drew Soinksi, senior vice president of Travel and Entertainment for NPC. ``NPC currently processes for seven of the top ten restaurant chains in the United States. We understand the unique requirements of QSR operators, and VeriFone is an integral part of our total solution.'' The Omni 3200 terminal and SoftPay software combine to offer an easy to use solution -- important in the fast-paced high clerk-turnover environment of quick service restaurants. A large ATM-style display intuitively prompts clerks through transactions and the fast thermal printer produces receipts at 12.5 lines per second. Additionally, many parameters, such as printing customer receipt copies, are configurable options in SoftPay, so unnecessary features can be disabled, saving time and reducing clerk errors.