AUSTIN, Texas – Gas stations in this area are piloting a new payment system that allows customers to use their driver’s licenses as a debit card. The National Payment Card links the magnetic stipe on a driver’s license directly to their credit union or bank accoun, allowing them to use the license to pay for gas. NPC started piloting the program in January and plans a broader roll-out next month. Although only 24 states issue licenses with magnetic stripes, NPC said it can provide e-payment functionality to a chain’s existing loyalty cards. Merchants benefit from the transaction because they bypass the Visa and MasterCard systems, thus saving on interchange fees.
Processing Content
