Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JakeStraw who wrote (37)	9/5/2002 9:01:56 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Chuck E. Cheese Signs Merchant Processing Agreement with National Processing Company Thursday September 5, 8:58 am ET biz.yahoo.com LOUISVILLE, Ky., Sept. 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 the signing of a multi-year credit card processing agreement with CEC Entertainment, Inc. (NYSE: CEC), owner and operator of Chuck E. Cheese's Restaurants. Under the terms of the agreement, NPC will provide authorization and settlement services for all credit and debit card transactions accepted at company-owned locations. Headquartered in Irving, Texas, CEC Entertainment, Inc. operates a unique family restaurant and entertainment concept, centered on one of the best-loved and most recognizable characters among American children - Chuck E. Cheese. The company's heartwarming mouse named Chuck E. Cheese debuted in 1977, and the company has been successfully offering an engaging experience for its patrons "Where A Kid Can Be A Kid®" ever since. "It is very exciting to be processing for such a well known and respected company as Chuck E. Cheese," said Drew Soinski, senior vice president of National Sales for NPC. "NPC understands the importance of fast and efficient service in the restaurant business. Our industry specific processing solutions provide our customers with the best-of-class service and processing solutions with technological and industry specific enhancements, that maximizes returns while minimizing the costs associated with credit card acceptance." "The success of our company is largely defined by our ability to provide quality family dining and entertainment experiences for our guests," said James Mabry, vice president - controller of CEC Entertainment, Inc. "To execute this formula we look for companies like NPC to provide efficient, state-of-the-art payment processing solutions that enhance our guests' experiences with convenient payment options."