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

To: JakeStraw who wrote (22)	12/18/2001 9:15:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

QuikTrip Corporation Signs On-line Debit Processing Agreement with National Processing Company biz.yahoo.com LOUISVILLE, Ky., Dec. 18 /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 on-line debit processing agreement with QuikTrip Corporation, one of the nation's leading convenience store operators. Under the terms of the agreement, NPC will provide a single-point solution for all QuikTrip's on-line debit transactions including sponsorship, settlement reconciliation and adjustment processing for the various debit network cards accepted. QuikTrip owns and operates over 370 convenience stores in nine states, offering guaranteed gasoline and truck fleet diesel fueling programs, as well as a wide selection of food and beverage products. QuikTrip maintains uncompromising standards for variety, fairness and service -- earning the distinction of being ranked 56th on the Forbes list of Privately Held Companies. ``We are delighted to expand our service offering to QuikTrip,'' said Mark D. Pyke, chief operating officer for NPC. ``On-line debit acceptance is critical to the convenience store industry in satisfying customers and minimizing costs. NPC offers customers, like QuikTrip, one of the best overall debit processing solutions, managing the entire process from end-to- end. NPC designed and built a system that facilitates a direct connection to all the major debit networks, as well as a settlement process that takes all the hassles out of end-of-day reconciliation. Merchants like QuikTrip rely on NPC's expertise and innovation to provide the most cost-efficient and effective processing solution for non-cash payments.'' ``In choosing an on-line debit processor we looked for one with proven experience, reliability and value-added service,'' said Paula Cotten, treasurer of QuikTrip. ``NPC was the natural choice, already serving as our credit card processor and satisfying the high standards of quality and service we've come to expect.''