RBS WorldPay, the payment processing division of the Royal Bank of Scotland Group, has said that it will process the debit cards of National Payment Card Association (NPCA). As the provider of merchant branded Automated Clearing House (ACH) cards, NPCA offers merchants a card acceptance solution with lower transaction fees than traditional credit or debit cards.
The NPCA PIN based payment system processes transactions through the Federal Reserve 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.
Ian Drysdale, senior vice president of market development for RBS WorldPay, said: “Leading merchants are requesting alternative forms of payment that can reduce costs and increase sales. By processing cards from National Payment Card Association, we are further delivering on that promise.”
Joe Randazza, CEO of NPCA, said: “RBS WorldPay is a premier provider in petroleum card processing. Working with RBS WorldPay highlights the increased national acceptance of our payment solutions for all petroleum merchants, from tier one through mid-tier to single store operators.”
