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The Consumer becomes aware of the program at the station through pump toppers and other forms of point of sale collateral material. |
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The consumer enrolls in the program via the Internet or mail. The consumer's checking account information and consumer-selected PIN are the key elements of the enrollment data. |
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At the time of tender, a consumer who chooses the Payment Card as a method of payment will swipe the merchant-branded card. The POS will prompt for a PIN and the transaction will be sent to National Payment Card Association for validation. |
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The transactions are processed through the National Payment Card closed loop network or open loop via the PULSE debit network. |
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National Payment Card then performs an EFT on the accounts, collects the funds and credits the merchant operator’s account next business day. National Payment Card bills once a month for the transaction fees in a closed loop environment. Via PULSE, the fees are included as part of the merchant acquirer daily settlement. |
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The entire process is computerized and automated with a solid audit trail. Reports can be sent by e-mail or viewed 24/7 on a secure VeriSign merchant web site. |
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At a predetermined time each day, transactions collected by National Payment Card Association are batched to the ACH for settlement. |
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The Payment Card is designed to be a traffic builder and loyalty program for your operators by providing consumers an immediate savings benefit while shopping. |
