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

To: JakeStraw who wrote (18)	11/29/2001 10:09:34 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

National Processing Company Announces New Processing Agreement with Raley's Supermarkets biz.yahoo.com LOUISVILLE, Ky., Nov. 29 /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 new merchant processing agreement with Raley's Supermarkets, a Northern California, Nevada and New Mexico chain of supermarkets. NPC will provide settlement services for all Raley's Visa® and MasterCard® transactions. Founded by Thomas P. Raley, in 1935, as the nation's first drive-in market, Raley's has led the way developing innovative and unique approaches to marketing, such as creating the first side-by-side supermarket/drug center. Raley's is a privately-held food and drug retailer operating stores under the following names: Bell Air Markets, Food Source, Nob Hill Foods and Raley's Superstores. Raley's store format concepts vary from supermarket to warehouse to supercenter, and emphasize the highest quality of products and services. ``We are very happy to be processing for Raley's,'' said Mark D. Pyke, chief operating officer for NPC. ``NPC provides a winning combination for our customers in the supermarket industry -- offering a vast customer service infrastructure, web-based reporting tools and best in class chargeback processing. We will continue to use our economies of scale and skill to deliver one of the most cost-effective merchant processing solutions in the industry.'' ``Raley's relies on partners such as NPC to provide outstanding quality products and service to our customers'' said Rick Rae, Treasurer of Raley's Supermarkets. ``NPC's state-of-the-art systems and experienced professionals give us a competitive advantage by allowing us to offer convenient payment alternatives our customers want, while keeping our total costs of card acceptance down.'' About Raley's Supermarkets Raley's Supermarkets is headquartered in West Sacramento, California employing more than 18,000 individuals and has revenues exceeding $3 billion. Raley's is deeply involved in the communities it serves encouraging strong family values and community responsibility. Additional information on Raley's can be obtained at raleys.com .