A Number of National Merchants Already Taking Advantage of New Service Offerings
LOUISVILLE, Ky., Feb 12, 2002 -- National Processing Company (NPC(R)), a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced the successful implementation of ClearCommerce Corporation`s ClearCommerce Engine(TM) to power its VirtualPAY(SM) ecommerce platform. VirtualPAY leverages ClearCommerce`s robust payment options and industry-leading risk management capabilities to enable safe and secure ecommerce processing for merchants. NPC has successfully launched four national merchants on its VirtualPay platform utilizing the ClearCommerce engine.
NPC`s VirtualPAY is a comprehensive electronic payment solution that enables merchants to easily and cost-effectively accept both credit card and ACH payments from an online environment. NPC provides all the service and support necessary for a safe and secure ecommerce transaction solution. VirtualPAY provides seamless payment integration for merchants who have already established their online presence, as well as, all the necessary tools for those who are establishing their online presence for the first time.
"We are very pleased with the response from our national merchants for this enhanced service offering," stated Mark, D. Pyke, chief operating officer of NPC. "As more and more card-based transactions move to the Internet, it becomes critical for merchants to have the ability to process those transactions efficiently, as well as securely. With the ClearCommerce Engine, VirtualPAY provides merchants the security and safety of the industry`s most comprehensive risk management protection solution.
"VirtualPay is a strategic asset to NPC that will position them at the forefront of evolving e-commerce transaction processing needs of large, high- volume merchants," said Robert J. Lynch, president and chief executive officer of ClearCommerce. "The ClearCommerce Engine is a natural complement to VirtualPAY, providing the comprehensive arsenal of risk management technologies and robust payment features that are essential to their customer`s operational and financial success."
About Clear Commerce Corporation
Austin, Texas-based ClearCommerce is the leading provider of e-commerce payment processing and risk management software to safeguard and automate online financial transaction processing. ClearCommerce software is used by more than 46,000 businesses worldwide, including customers such as Apple Computer, Best Buy, PETsMART, Sony Online, and NPC. The ClearCommerce Engine features real-time payment processing and risk management protection, as well as online reports, storefront integration, back-end integration, and shipping/tax calculations. For more information, visit www.clearcommerce.com .
About National Processing, Inc.
National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company (NPC(R)) is a leading provider of merchant credit card processing. National Processing is 86 percent owned by National City Corporation (NYSE: NCC) ( www.nationalcity.com ), a Cleveland based $106 billion financial holding company. NPC supports over 600,000 merchant locations, representing nearly one out of every five Visa(R) and MasterCard(R) transactions processed nationally. NPC`s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through our world-class people, technology and service. Additional information regarding National Processing can be obtained at www.npc.net .
CONTACT:
Dawn M. Thompson of National Processing Inc.
+1-800-255-1157
fax: +1-502-315-3535
dmthompson@npc.net
Michael Staley of ClearCommerce Corporation
+1-512-977-5418
fax: +1-512-832-8901
mstaley@clearcommerce.com
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