National
Payment Card and GE Motor Club Form Relationship to Deliver Greater
Value to the Fuel/C-Store Industry
Joint offering
to deliver increased value for merchants and consumers alike
Coconut Creek, FL —November 27, 2007–
National Payment Card LLC, a leader in ACH decoupled debit cards
and GE Money Partnership Marketing Group (PMG),
today announced an exclusive relationship that links National Payment
Card’s ACH-based alternate payment system with the GE Motor
Club, a roadside assistance program offered through PMG. The program
combines savings on gasoline purchases with the GE Motor Club roadside
benefits.
Consumers who enroll in the National Payment Card
driver’s license program or a related affinity or loyalty
program will receive an immediate price discount at the pump on
every gallon of gas, each time they buy. Participating consumers
will also have the opportunity to enroll in a free 90-day trial
of the GE Motor Club with benefits that include:
• Free Towing
• Free Lockout Service
• Fuel Delivery
• Flat Tire Change
• Jump Start Service
Participating merchants benefit from increased enrollment
in the National Payment Card system resulting in lower credit card
processing fees and greater consumer loyalty with the combination
of these two programs. National Payment Card uses the lower-cost
Automated Clearing House Network to process payments, charging a
flat-rate fee per transaction, resulting in reduced processing fees.
“We are excited about our relationship with
National Payment Card. By offering consumers membership in the GE
Motor Club, we’re demonstrating to our partners the unique
approaches we can apply in helping them. The opportunity to become
a member of the GE Motor Club is an example of how we use unique
approaches to help our partners better serve their own customers
and in turn, grow their businesses” said Jean Vernor, President,
GE Money Partnership Marketing Group. “By providing the GE
Motor Club benefits free for a limited time, gas merchants have
a strong incentive to drive consumer enrollment with National Payment
Card’s system, passing savings on to consumers with every
gallon of gas they purchase. In addition to enjoying the savings
on gas, consumers will get to test-drive the GE Motor Club program
at no cost for 90 days.”
“Partnering with the GE Motor Club is an exceptional
opportunity for National Payment Card that further enhances the
value-add of our save at the pump offering to consumers while providing
merchants with a significant incentive to bring this offering to
their customers,” said Joe Randazza, President of National
Payment Card.
About GE Money
With more than $190 billion in assets, GE Money, a
unit of General Electric Company (NYSE:GE), is a leading provider
of credit services to consumers, retailers and auto dealers in more
than 55 countries around the world. GE Money, based in Stamford,
Conn., offers a range of financial products, including private label
credit cards, personal loans, bank cards, auto loans and leases,
mortgages, corporate travel and purchasing cards, debt consolidation
and home equity loans, and credit insurance. More information can
be found at www.gemoney.com.
About the GE Motor Club, from GE Money Partnership
Marketing Group
GE Money Partnership Marketing Group, (PMG) is headquartered
in Schaumburg, Illinois. Founded in 1966, the GE Motor Club offers
24-hour roadside assistance, 7 days a week, 365 day a year, covering
over 10 million members in the US, Puerto Rico, Virgin Islands,
Canada & Mexico. The GE Motor Club’s proprietary nationwide
network of contracted tow and service providers, along with a proprietary
service delivery system allow for customizable solutions to meet
customer needs.
GE is Imagination at Work -- a diversified technology,
media and financial services company focused on solving some of
the world’s toughest problems. With products and services
ranging from aircraft engines, power generation, water processing
and security technology to medical imaging, business and consumer
financing, media content and advanced materials, GE serves customers
in more than 100 countries and employs more than 300,000 people
worldwide. For more information, visit www.ge.com.
For more information about GE Money Partnership Marketing Group
or the GE Motor Club, please contact Sarah Ely at (203) 585-6676.
About National Payment Card
National Payment Card (www.nationalpaymentcard.com), based in Coconut
Creek, FL, is an innovative marketer of ACH decoupled card-based
payment systems. The company’s primary product is the Payment
Card, a retailer branded program that provides consumers access
to funds in their checking accounts so they can pay for goods or
services. The Payment Card is not a credit or debit card that is
linked through the national banking networks, but rather utilizes
a user ID for consumer authentication and is processed through the
National Payment Card ACH Payment Card network. A Payment Card can
be a loyalty card, a membership card or driver’s license.
National Payment Card has filed a series of patent applications
for methods of payment processing with a driver’s license.
National Payment Card is a member of the EFT Network, which is a
part of the Electronic Check Council of NACHA. NACHA is the rule-making
body for all electronic funds transfers made through the ACH.
For more information about National Payment Card LLC, please contact
Shep Doniger at 561-637-5750 or visit www.nationalpaymentcard.com.
NATIONAL PAYMENT CARD LLC
4171 W. Hillsboro Boulevard, Suite 4
Coconut Creek, FL 33073
954-449-9540
Media Contacts
Shep Doniger
National Payment Card
561-637-5750
sdoniger@bdcginc.com
Danilo Portal
National Payment Card
954-449-9540
dportal@nationalpaymentcard.com
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