National Processing, Inc. - NAP- Profile

National Processing, Inc.. The Group's principal activities are to provide electronic payment processing services. It operates in two segments: Merchant card services and Payment services. The Merchant card services segment authorizes, processes and performs financial settlement and reporting of card transactions, including credit, debit, stored value and electronic benefits transfer, for industries that accept cards for payment settlement. The Payment services segment provides financial settlement and reporting solutions to customers in the travel service and healthcare industries. The Group settles domestic airline tickets sold through travel agencies in the United States and settles commission payments for car rental companies, cruise line operators and hotels. On 09-Jun-2003, the Group acquired Bridgeview Payment Solutions, Inc. The Group operates in the United States and Mexico. Merchant Card Services accounted for 97% of 2003 revenues and Payment Services, 3%