We cannot hold your Driver's License. It is used only as an access device to identify your account. It is not a Bankcard and we extend no credit to the consumer. Also it should be noted, that consumer participation is voluntary. There is no Federal initiative here.
Randall Shake
CEO
ACH PAY LLC
Wow the Conspiracy theory nonsense is running amok. Stand Down gents and put your bayonets away. My name is Randall Shake. I am CEO of ACH PAY LLC in Dallas Texas. We have an executed 10 year Marketing agreement with National Paymentcard. The Card Associations charge Merchants Interchange. These fees impact the costs of all goods and services sold in the US. Interchange is less than half in Canada as what we are paying in the US. See www.waytoohigh.com or www.unfaircreditcardfees.com.
Most of Visa's and MasterCard's business is from Check Cards or offline Debit. That is over 60% of US Card Association transactions. And with Banks now issuing Amex cards Interchange will climb to 3% to Mirror AMEX rates. The Convenience Stores have 8.3% of their Total Operating Costs tied up in Card Association fees. It is 52% of their Total Transactions. According to the National Association of Convenience Stores see www.nacsonline.com.
We are attempting to mitigate these increasing fees that increased 22% last year, and increased again this April. This is a voluntary program, where Merchants can fund a loyalty or rewards program to their customers from the elimination of Card Association Fees. We charge 0% discount rate for our service. A transaction fee only.
My company in Dallas Texas will be marketing the service nationwide. We currently have an IP enabled Credit Card terminal under development with an interface to connect to the NPC switch. This is not a Government mandated program. Instead it is an attempt to allow the Free Market to change the consumer paradigm, and give Merchants more control over their Cash Flow which Visa and MasterCard now owns.
Randall Shake
Chief Executive Officer
ACH PAY LLC
www.achpayllc.com
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We cannot hold your Driver's License. It is used only as an access device to identify your account. It is not a Bankcard and we extend no credit to the consumer. Also it should be noted, that consumer participation is voluntary. There is no Federal initiative here. Randall Shake CEO ACH PAY LLC
Wow the Conspiracy theory nonsense is running amok. Stand Down gents and put your bayonets away. My name is Randall Shake. I am CEO of ACH PAY LLC in Dallas Texas. We have an executed 10 year Marketing agreement with National Paymentcard. The Card Associations charge Merchants Interchange. These fees impact the costs of all goods and services sold in the US. Interchange is less than half in Canada as what we are paying in the US. See www.waytoohigh.com or www.unfaircreditcardfees.com. Most of Visa's and MasterCard's business is from Check Cards or offline Debit. That is over 60% of US Card Association transactions. And with Banks now issuing Amex cards Interchange will climb to 3% to Mirror AMEX rates. The Convenience Stores have 8.3% of their Total Operating Costs tied up in Card Association fees. It is 52% of their Total Transactions. According to the National Association of Convenience Stores see www.nacsonline.com. We are attempting to mitigate these increasing fees that increased 22% last year, and increased again this April. This is a voluntary program, where Merchants can fund a loyalty or rewards program to their customers from the elimination of Card Association Fees. We charge 0% discount rate for our service. A transaction fee only. My company in Dallas Texas will be marketing the service nationwide. We currently have an IP enabled Credit Card terminal under development with an interface to connect to the NPC switch. This is not a Government mandated program. Instead it is an attempt to allow the Free Market to change the consumer paradigm, and give Merchants more control over their Cash Flow which Visa and MasterCard now owns. Randall Shake Chief Executive Officer ACH PAY LLC www.achpayllc.com