Radiant will be offering National Payment Card Association's ACH payment module option with products its customers are already using. National Payment Card Association's [image-nocss] technology is currently being deployed in convenience stores across the country with consumers saving money on every gallon of gas pumped and merchants saving on fees charged by credit-card companies.
"Radiant is committed to offering our clients a broad range of products and services to lower costs and increase sales in their businesses," said Jimmy Frangis, vice president and general manager of Radiant's petroleum and convenience retail division. "Many of our customers are looking for alternative forms of payment that offer significantly lower transaction costs and by partnering with National Payment Card Association we are delivering on that need."
National Payment Card Association first introduced its alternative payment solution in June 2006, often referred to as "decoupled debit" and a "disruptive technology" for its intrusion into the fees charged to merchants by credit-card companies.
The National Payment Card Association 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 change customers' payment behavior by passing some of that savings along to them right at the pump.
National Payment Card Association, based in Coconut Creek, Fla., is a marketer of ACH decoupled card-based payment systems. The company's primary product is a retailer branded debit card that does not use the Visa/MasterCard "rails" and 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.
Headquartered in Atlanta, Radiant Systems is a global provider of technology to the hospitality, retail and entertainment industries. Its point-of-sale (POS) hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues.
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