| Business Summary | | National
Processing,
Inc.
is
a
provider
of
merchant
credit
card
processing.
The
Company
operates
through
two
wholly
owned
subsidiaries:
Merchant
Card
Services
and
Corporate
Outsourcing
Solutions.
Merchant
Card
Services
authorizes,
processes,
and
performs
financial
settlement
of
card
transactions
including
credit,
debit
and
electronic
benefits
transfer.
Merchant
Card
Services
provides
services
to
virtually
every
industry
that
accepts
cards
for
payment
settlement
and
currently
provides
services
to
over
500,000
merchant
locations
primarily
in
the
United
States.
Corporate
Outsourcing
Solutions
provides
a
variety
of
financial
and
administrative
processing
solutions
to
large
corporate
customers,
primarily
in
three
industries:
travel,
healthcare
and
financial
services.
These
solutions
include
financial
settlement,
image
scanning,
data
capture,
storage
and
retrieval,
and
value-added
customer
reporting. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Processing,
Inc.
is
a
provider
of
low-cost,
high
volume
transaction
processing
services
and
customized
processing
solutions.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$226.9
million.
Net
income
fell
3%
to
$19.5
million.
Revenues
reflect
increased
transaction
and
dollar
volumes
processed
and
the
acquisition
of
National
City's
merchant
business
unit.
Earnings
were
offset
by
the
charges
for
the
divestiture
of
the
Business
Process
Outsourcing
unit. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Paul Clark, 47 Chairman | -- | Thomas Wimsett, 36 Pres,
CEO, Director | $792K | David Fountain, 40 CFO,
Sr. VP | 312K | Norman Martin, 57 Exec.
VP -- Merchant Card Services Product Management | 303K | Mark Pyke, 40 Exec.
VP - Merchant Services | 390K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|