CINCINNATI -- NACS and the Petroleum Marketers Association of America (PMAA) have entered into a multiyear agreement establishing Worldpay as the groups’ exclusive payments processing company.
“Worldpay is a significant player in the unbranded fuel and convenience-store market with the capabilities to deliver innovative, scalable solutions and be a trusted partner to all of our members,” said Michael Davis, vice president of member services for NACS. “And with Worldpay’s global reach, our unbranded retail members can look forward to expanded opportunities."
NACS selected Worldpay to power the NACS Payment Processing Program (PPP) because of the company’s presence in the fuel and convenience retailing markets in the United States, its global reach and its relationship with PMAA since 2009.
“PMAA is glad to continue our long-standing exclusive endorsement with Worldpay, which will continue to offer first-rate benefits to petroleum marketers,” said PMAA President Rob Underwood.
“We look forward to the opportunity to offer NACS and PMAA members access to Worldpay’s industry-leading technology, which can lower the overall costs of transaction processing,” said Peter Forbes, head of sales and U.S. merchant business for Worldpay. “Convenience and fuel retailers can expect from Worldpay superior pricing that could add to their bottom line as well as scalable unbranded and mid-tier solutions that help protect and grow their business.”
The agreement provides an additional avenue for NACS to support its members by offering Worldpay as a payments processing provider. There are more than 154,000 convenience stores in the U.S. that sell 80% of the fuel purchased in the country and serve 165 million customers per day.
Formed in 2018, Cincinnati-based Worldpay is a payments technology company powering global commerce. Worldpay offers a suite of products and services delivered globally through a single provider. It processes more than 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies.
NACS, an association advancing the role of convenience stores as positive economic, social and philanthropic contributors to the communities they serve, has 2,100 retailer and 1,750 supplier members from more than 50 countries.
PMAA is a federation of 47 state and regional trade associations representing approximately 8,000 independent petroleum marketers nationwide.