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VeriFone Systems, NPCA launch pay at the pump m-payment services

Tuesday 15 October 2013 09:12 CET | News

US-based electronic payment services provider VeriFone Systems and National Payment Card Association (NPCA) have launched a mobile payment and rewards solution that enables convenience store and petroleum retailers to provide customers with smartphone-based payment options at the pump.

Using VeriFones Smart Fuel Controller and NPCAs mobile payment solution, c-store and gas station operators with VeriFone payment acceptance systems can implement a mobile payment and rewards program built on existing infrastructure used for merchant branded debit cards.

NPCAs debit-based payment programs provide retailers with the ability to offer customer loyalty programs. Fuel discounts are funded from interchange savings that retailers would otherwise pay to banks. Payment processing is done by NPCA using the automated clearing house (ACH) system to clear debits to cardholder checking accounts.

The VeriFone and NPCA mobile payments solution is set to be available for beta testing in November 2013.

In recent news, US-based mobile payment services provider VeriFone Mobile Money has appointed Colin Song as Regional Sales Director Asia.


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Keywords: VeriFone Systems, NPCA, pay at the pump, m-payment services, US, petroleum retailers, smartphone payment
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce