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Paypoint Reaches Interchange Agreement For Its Retailers

Published June 17, 2008, 1:00 a.m. EDT

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Updated June 17, 2008, 12:00 a.m. EDT

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United Kingdom-based payments-network provider PayPoint plc Monday announced it has secured a new credit and debit card interchange agreement UK-based Lloyds TSB Group plc to enable its affiliated retailers to pay a maximum of 1.4% on credit card payments and a flat fee of 14 pence per debit card payment. PayPoint's terminals accept payments for gas and electricity bills, mobile phone top-ups, and transportation tickets. PayPoint has more than 19,800 terminals in such UK and Irish shops as Spar, Costcutter, Sainsburys Local, One Stop and Londis.

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