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

To: JakeStraw who wrote (30)	4/9/2002 8:23:19 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Tickets.com Signs Merchant Processing Agreement With National Processing Company biz.yahoo.com LOUISVILLE, Ky., April 9 /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 a multi-year merchant processing agreement with Tickets.com, a leading provider of ticketing software and services for live events. Under the terms of the agreement, NPC will provide front-end authorization and settlement services for all Tickets.com Visa® and MasterCard® transactions. As a leading global live events ticketing solutions provider, Tickets.com services major clients across the sports and entertainment categories including 20 Major League Baseball Clubs, indoor and outdoor venues, and other live events. NPC will provide the merchant processing solution for credit card payments accepted by Tickets.com. Tickets.com was one of the first implementers of the Visa Payer Authentication System, improving safety and security of consumer transactions on the web. ``NPC has become a major player in merchant processing on the web,'' said Drew Soinski, senior vice president of Travel and Entertainment for NPC. ``Tickets.com relies on credit card acceptance to perform its online ticketing service and NPC will provide direct access to the payment networks for real- time secure reliable service.'' ``Tickets.com is a pioneer in developing and implementing new technologies that allow consumers all over the world to access tickets to live entertainment events,'' said Mark D. Pyke, chief operating officer for NPC. ``The growth of Internet-based retailing has been phenomenal and NPC has state- of-the-art infrastructure to support our merchants who conduct web-based transactions.'' ``We are very pleased to be partnered with NPC for credit card processing,'' said Eric Bauer, chief financial officer of Tickets.com. ``Consumer trust and security is paramount in our business and NPC provides the high level of reliability and service that is demanded. We are very confident that NPC will grow with us as we continue to expand our global ticketing presence.''