GREENSBORO, N.C. -- Gilbarco Inc. has certified an electronic funds payment service from National Payment Card LLC of Boca Raton, Fla., for use with the Gilbarco Passport point-of-sale (POS) system.
National Payment Card is an electronic funds payment service bureau that interfaces with POS systems. The service enables consumers to associate their driver's license or existing membership card with a bank account so it initiates payment at the pump or inside the store through the Federal Automated Clearing House (ACH) system. ACH transactions cost the [image-nocss] retailer significantly less to process than credit card networks. Retailers can pass along the savings in processing fees to the consumer in the form of discounted fuel.
The Passport interface to the electronic funds payment service from National Payment Card enables funds to come directly from the consumer's bank account, removing middlemen in the credit card and debit card networks altogether.
Credit card fees continue to be a significant challenge for retailers, said Kirsten Paust, Gilbarco's vice president of global retail systems. This solution provides a less-expensive means of accepting payment from customers and provides enhanced incentives to motivate customer adoption. This is exactly what the industry needs to help combat the current fee issues.
Danny Portal, vice president and chief technical officer at National Payment Card, said, When retailers with Gilbarco Passport pass along part of the savings to consumers, they create a win/win situation. Recent studies strongly confirm that consumers want the fuel discounts so they become loyal to the retailer, visit more often and make additional purchases with the savings. We also see an outpouring of protest all the way up to Congress about high processing fees, so our service is truly beneficial to both the retailer and consumer.
Greensboro, N.C.-based Gilbarco Veeder-Root and Gasboy are major suppliers of integrated fuel control, site management and support services for petroleum marketers and commercial fueling enterprises worldwide.
National Payment Card is a marketer of card-based payment systems. The company's primary product is the Payment Card, a retailer-branded program that provides consumers access to funds in their checking accounts so they can pay for goods or services. The Payment Card is not a credit or debit card, but rather is processed through the National Payment Card ACH network. A card can be a loyalty card, a membership card or driver's license.
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