Independent Gas Stations Stand to Increase Sales with Partial Debit Authorization

Friday 14 November 2003 15:39 CET | News

A new payment processing technology custom-designed for pay-at-the-pump customers is making it possible to pay for gasoline even when cash supplies are low.

Partial debit authorization, a new feature developed by Dallas-based processor Paymentech, authorizes consumers to use the dollar amount available in their accounts -- even if the amount is very low -- and the Petroleum Marketers Association of America (PMAA) says its likely to increase sales at gas stations across the country. Partial debit authorization is one of many features incorporated into Paymentechs proprietary petroleum solution. PMAA announced last week that it had renewed its endorsement of Paymentech as the processor of choice for its 8,000-strong membership base of independent petroleum marketers. As a result, Paymentech is offering lower processing rates to PMAA members.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce