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

To: JakeStraw who wrote (24)	2/8/2002 2:07:53 PM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Electronic Data Resources, Inc. Renews Processing Agreement with National Processing Company biz.yahoo.com LOUISVILLE, Ky., Feb. 5 /PRNewswire-FirstCall/ -- National Processing Company (NPC®), a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced today that Electronic Data Resources, Inc. (EDR), a full-service provider of electronic processing, has signed a multi-year renewal of its processing agreement with NPC. Under the terms of the agreement, NPC will continue to provide EDR with front-end authorization and capture services, plus back office support. ``Through our relationship with top performing Independent Sales Organizations (ISO), NPC continues to demonstrate its commitment to the ISO marketplace,'' said Thomas A. Wimsett, president and chief executive officer of NPC. ``EDR has achieved tremendous success by offering merchants a wide variety of payment solutions. EDR's success is directly attributable to Bill Blakey, founder and chief executive officer, and the management team he has assembled. Bill's a veteran leader in our industry - his passion and commitment to his employees and merchants is contagious.'' ``We have had far-reaching success working with NPC,'' Blakey said. ``By continuing our relationship with NPC, we can provide our customers with NPC's expertise in processing, combined with their impressive history of outstanding customer service and product innovation. The extension of this agreement exemplifies the great synergy that exists between NPC and EDR.''