ABN AMRO Merchant Services, LLC (AAMS), a joint-venture of LaSalle Bank Corporation and National Processing Company, LLC (NPC(R)), a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced the execution of a prepaid services alliance with EWI Holdings, Inc (EWI), a leader in the emerging sector of prepaid and cash payments processing. Under the terms of the agreement, AAMS will provide to its merchant base access to EWI’s product suite of prepaid services such as prepaid wireless, long distance and digital content.
This alliance will provide AAMS merchants and agent banks with the ability to process payments for a broad variety of prepaid product offerings. AAMS will make these prepaid transaction services available to its merchants and banks by integrating the patented EWI technology into its existing Point of Sale (POS) transaction systems providing merchants a single integrated solution for credit, debit and prepaid transactions.
“AAMS merchants want highly reliable prepaid services that build upon the already strong value proposition we have established with our existing processing services,” said Barbara L. Kuhn, senior vice president and general manager of AAMS. “AAMS continues to search for opportunities to add value and improve our merchant’s bottom line. Our relationship with EWI is a great example of this continued commitment.”
“Prepaid services have quickly become one of the most important new offerings in the retail world. EWI’s solutions are turn-key, easy to implement, and a natural extension to the services AAMS already provides their merchants,” said Patrick Hazel, Chief Executive of EWI. “EWI brings all of the key elements — compelling products, great service, and best in class reliability — into a single solution that is quickly becoming the standard for prepaid processing here in the U.S.”
About LaSalle Bank Corporation
LaSalle Bank Corporation is headquartered in Chicago with more than $107 billion in assets. Its primary subsidiaries are LaSalle Bank N.A. and Standard Federal Bank N.A., which is headquartered in Troy, Michigan, with more than $49.7 billion in assets. Standard Federal Bank has 269 locations and 1,260 ATMs throughout Michigan and Northern Indiana. Its major subsidiary is ABN AMRO Mortgage Group, Inc. LaSalle Bank Corporation is a subsidiary of Netherlands-based ABN AMRO Bank N.V., one of the world’s largest banks with total assets of EUR 614 billion and a presence in more than 3,400 locations in over 60 countries and territories. ABN AMRO is organized into three autonomous strategic business units, responsible for managing wholesale clients; consumer and commercial clients; and private clients and asset management.
About ABN AMRO Merchant Services
ABN AMRO Merchant Services, LLC (AAMS) is a joint venture of LaSalle Bank Corporation and National Processing Company, LLC (NPC(R)), a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), the second largest merchant processor in the world. AAMS is headquartered in Lansing, Michigan, and is the 19th largest merchant processor in the United States.
About National Processing, Inc.
National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company, LLC. (NPC(R)), is a leading provider of merchant credit and debit card processing. National Processing is 83 percent owned by National City Corporation (NYSE: NCC) ( ), one of the nation’s largest financial holding companies. NPC supports over 700,000 merchant locations, representing nearly one out of every five MasterCard(R) and VISA(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 world-class people, technology and service. Additional information regarding National Processing can be obtained at .
About EWI Holdings, Inc.
EWI Holdings is a leading provider of advanced payment processing technologies to the prepaid and cash payments sectors in the US and Latin America. With EWI’s patented systems, the delivery of prepaid services such as prepaid wireless, utilities, long distance, and downloadable digital content are transacted and settled in real time, a vast improvement over prior manual processes. Based in San Diego, California, EWI is a privately held company. Additional information regarding EWI can be obtained at .