Technology/Services

RBS, PMAA Forge National Credit-Card Deal

Wants to be largest processor of credit-card transactions for petroleum marketers
ATLANTA -- RBS wants to be the largest processor of credit card transactions for the U.S petroleum marketing industry and plans to secure that title working through the Petroleum Marketers Association of America (PMAA) its 47 state and regional trade associations. "PMAA and its member associations will deliver RBS special access to more than 8,000 independent petroleum marketing companies. With the special PMAA negotiated rates and the renowned RBS service, we believe this will be a great opportunity for us to grow our business exponentially," said Dan Fisher, vice president of [image-nocss] national sales for RBS WorldPay.

"The RBS transaction rates are the lowest I have seen," said retailer Matt Bjornson, PMAA chairman.

RBS WorldPay is a 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. The U.S. payment processing division of the Royal Bank of Scotland Group plc, RBS WorldPay is a nonbank subsidiary of Citizens Financial Group.

RBS WorldPay differentiates itself by focusing on a single-source approach to serving its customers, it said. It controls the entire processing cycle including authorization, settlement, reporting and customer service.

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