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

To: JakeStraw who wrote (17)	11/20/2001 9:22:42 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Independent Bankers' Bank to Offer NPC Merchant Processing Services to its Community Bank Customers biz.yahoo.com LOUISVILLE, Ky., Nov. 20 /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 agreement with Independent Bankers' Bank (IBB). NPC will provide marketing and merchant processing services to the community banks that IBB serves. Independent Bankers' Bank offers a wide variety of traditional and non- traditional correspondent bank services to community banks in the Midwest. The agreement with NPC provides IBB the ability to market credit and debit card processing services to its customers - allowing them to effectively compete in their markets. ``NPC has been very successful in providing merchant processing services to organizations like IBB,'' said Randy Sagar, senior vice president of Independent Sales for NPC. ``NPC understands the importance of offering competitively priced products with superior service and support for these types of programs. We look forward to working with IBB to market merchant processing services to their bank customers.'' ``The agreement with IBB fits right in line with our strategy to package NPC's processing scale and efficiencies, and deliver them to downstream markets,'' said Thomas A. Wimsett, president and chief executive officer of NPC. ``The IBB program gives community banks the ability to offer their customers value-added products and unparalleled service at very competitive prices. NPC also brings leadership and processing expertise, as well as the financial stability of one of the largest processors in the world.'' ``Independent Bankers' Bank is known as an innovative financial leader, of a wide variety of financial correspondent services, to the many Midwest communities we serve,'' said John D. Schneider, president of IBB. ``What matters most to our community banks is the difference we can make in offering valuable products and services that they need to compete in their markets. Our relationship with NPC provides yet another important service we can market to our valued customers.''