News
RBS WorldPay to Process National Payment Card Debit Cards
RBS WorldPay, the fastest growing top ten
payment processor in the US, today announced that National Payment Card
Association (NPCA) debit cards can be processed by RBS WorldPay. As the
leading provider of merchant branded ACH cards, NPCA offers merchants a card
acceptance solution with significantly lower transaction fees than traditional
credit or debit cards.
"RBS WorldPay is committed to offering our clients a wide range of card
acceptance solutions," said Ian Drysdale, senior vice president of Market
Development for RBS WorldPay. "Leading merchants are requesting alternative
forms of payment that can reduce costs and increase sales. By processing
cards from National Payment Card Association, we are further delivering on
that promise."
National Payment Card Association first introduced its alternative payment
solution in June 2006, earning much attention from industry insiders and
consumers. Often referred to as "decoupled debit," NPCA's leading ACH card
solution has proven to be a beneficial alternative to traditional card
acceptance in both the petroleum industry and other business sectors.
"RBS WorldPay is a premier provider in petroleum card processing. Working
with RBS WorldPay highlights the increased national acceptance of our payment
solutions for all petroleum merchants, from tier one through mid-tier to
single store operators," said National Payment Card Association CEO Joe
Randazza.
The NPCA PIN based payment system processes transactions through the Federal
Reserve Automated Clearing House (ACH), resulting in lower merchant fees and a
self-funded loyalty program that provides immediate savings to consumers.
Specifically, the program benefits retailers by helping them save on the
interchange fees credit card companies normally charge on each transaction.
The merchant can then use some of the savings to incent customer behavior by
passing some of that savings along to them right at the pump.
About National Payment Card Association
National Payment Card Association (www.nationalpaymentcard.com), based in
Coconut Creek, FL, is an innovative marketer of ACH decoupled card-based
payment systems. The company's primary product is a retailer branded debit
card that does not utilize the Visa/Mastercard rails that provides consumers
access to funds in their checking accounts so they can pay for goods or
services. The ACH Decoupled Debit Card is not a credit or debit card that is
linked through the national banking networks, but rather utilizes a user ID
for consumer authentication and is processed through the National Payment Card
Association network. A Decoupled Debit Card can be a loyalty card, a
membership card or Driver's License. National Payment Card Association has
filed a series of patent applications for methods of payment processing with a
driver's license.
National Payment Card Association is a member of the EFT Network, which is a
part of the Electronic Check Council of NACHA. NACHA is the rule-making body
for all electronic funds transfers made through the ACH.
About RBS WorldPay US
RBS WorldPay is a leading, single-source provider of electronic payment
processing services - including credit, debit, EBT, checks, gift cards,
e-commerce, customer loyalty cards, fleet cards, ATM processing and cash
management services.
RBS WorldPay is the US-based payment processing division of the Royal Bank of
Scotland Group plc. For more information, please visit www.RBSWorldPay.us.
About The Royal Bank of Scotland Group (RBS)
The RBS Group is a financial services company providing a range of retail and
corporate banking, financial markets, consumer finance, insurance, and wealth
management services. The RBS Group operates in the Americas, Asia and the
Middle East serving more than 40 million customers. For more information,
please visit www.RBS.com.
For More Information Contact:
Dawn M. Thompson Shep Doniger
RBS WorldPay National Payment Card Association
Phone: 678.587.1652 Phone: 561.637.5750
Fax: 678.587.2652 www.NationalPaymentCard.com
e-mail: Dawn.Thompson@RBSWorldPay.us
www.RBSWorldPay.us