The NACS CPP was first introduced in 2005 with a rate of 6.5 cents per transaction, [image-nocss] which lead the industry at the time. This low rate also drove down processing rates across the industry. As rates continued to drop, so did the rates for the NACS CPP, and the new rate, introduced at the NACS Show last month in Las Vegas, is again the industry leader.
"The NACS CPP provides a money-saving price structure for all credit and debit transactions, easy implementation and training and one convenient statement that incorporates all card transactions," said NACS director of products and services Doug Spencer.
The NACS CPP has no percentage rates, no fee-padding or hidden charges and can support standalone transactions Accepted card types include Visa, MasterCard, American Express, Discover, Diner's, Online Debit, Voyager and Wright Express.
Founded in 1961, Alexandria, Va.-based NACS is an international association for convenience and petroleum retailing representing more than 2,200 retail and 1,800 supplier member companies.
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