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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