Paymentech Enhances PMAA Program With New, Lower Payment Processing Rates

Tuesday 4 November 2003 06:13 CET | News

The Petroleum Marketers Association of America (PMAA) has renewed its relationship with Paymentech as the organizations preferred payment processor. As a result, Paymentech is now offering even lower, more competitive rates to petroleum business owners.Under the agreement, PMAA members combine their collective transactions to gain higher overall volume and qualify for a lower rate. Paymentech has had a processing agreement with PMAA members for two years. Paymentech also provides credit card processing for PMAAs Spirit brand locations. In addition to the competitive processing rates, Tuminello said that Paymentechs dedication of a full-time PMAA account representative has made the program a success. The processing agreement is an extension of a strategic effort Paymentech launched two years ago to provide specialized solutions and technology to the petroleum industry. The PMAA program offers rates that reduce the marketers processing expense as much as 30% and possibly more in certain cases.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce