National Data Corporation announced today that it will provide electronic payment services to Olympia Entertainment, a Michigan-based corporation. The agreement is in conjunction with NDC’s alliance partner Comerica Bank.
Olympia will use NDC for processing ticket sales at the Joe Louis Arena in Detroit, home of Stanley Cup Champions — the Detroit Red Wings Hockey Team. NDC will also process transactions for concerts and other events at the arena.
Under the same agreement, NDC’s processing services will be used at merchandising and concession stands at the Detroit Zoo, for box office tickets at the Fox Theatre, a premier theatre in Detroit, and for a variety of restaurants and gifts shops operated by Olympia.
“Our strong alliance partnership focus and our extensive support infrastructure makes it easy for the entertainment market to do business with us,” said Tom Dunn, NDC’s general manager of Integrated Payment Systems. “We are delighted that we can respond to the needs of Olympia’s diverse operations with our advanced processing capabilities.”
National Data serves the entertainment market with a wide array of payment services. The company has been recognized for years as the leader in restaurant, lodging and many other vertical market applications. Its breadth of solutions range from merchant processing, check guarantee and purchasing card services to cash management, electronic information reporting and financial electronic data interchange (EDI).
NDC’s Payment Systems customer base includes retail businesses, global and domestic banks, corporations, alliance partners, independent service organizations, trade associations, value-added resellers, health care providers and federal and state municipal agencies.
National Data Corporation is a leading provider of information services for the payment systems and health care markets.
When used in this report, press releases and elsewhere by management or the Company from time to time, the words “believes,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements concerning the Company’s operations, economic performance and financial condition, including in particular, the likelihood of the Company’s success in developing and expanding its business. These statements are based on a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company, and reflect future business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements, some of which include competition in the market for the Company’s services, continued expansion of the Company’s processing and payment systems markets, successfully completing and integrating acquisitions in existing and new markets and other risk factors that are discussed from time to time in the Company’s Securities and Exchange Commission (“SEC”) reports and other filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligations to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or thereof, as the case may be, or to reflect the occurrence of unanticipated events.Details