NextPay, a premier provider of merchant and bankcard services, announced it signed a multi-year agreement to act as the exclusive credit card processor for Retail Shipping Associates (RSA), a retail mail and parcel trade organization with over 3000 members in all 50 states.
Under the terms of the agreement, NextPay will offer its full suite of services to members of RSA, including credit and debit card processing, eCheck and ACH processing, recurring and online billing as well as its payment gateway and virtual terminal technologies.
"As the economy continues to be soft, 'mom and pop' retailers are impacted at a troubling rate," said Brandon Gale, president of RSA. "Our members fit that demographic. They are typically small, single-store operations struggling to cut costs and become more efficient. Nextpay's combination of rate, technology and customer service makes this very compelling for our members."
The NextPay program is designed to provide independent merchants with a simple, straightforward credit card processing price structure. The program eliminates or reduces most traditional processor fees, such as setup or termination. Along with the overall costs savings, NextPay is committed to making RSA's merchants more profitable with easy to read and understand statements, superior customer service and technology backed by 25 years of proven experience.
"RSA members will get even more than just a great price on processing," Gale continued. "The NextPay member benefit program offered under this new agreement will also save our members time as it makes the complex, and sometimes confusing, world of credit card processing more transparent."
"We are very excited to enter into this agreement with RSA. At NextPay, we know we can make a real difference in how these merchants are processing customers' credit cards. RSA merchants will find that NextPay's pricing is more straight forward than traditional processors and our proprietary technology is simple to use and highly secure," said Lynn Varnell, NextPay chief operating officer.
NextPay is a Level One Payment Card Industry (PCI) compliant processor, which is the highest security standard in the industry. As debit and credit card usage grows e growss -- combined with the payment card industry's 2010 deadline for security compliance -- it is extremely important that merchants secure their processing networks and protect cardholders' information.
Varnell continued, "The NextPay program addresses the needs of merchants of all sizes. We are not a one-size-fits-all company. Unlike most processors, NextPay is in the enviable position of being able to provide our merchants with rate programs that save them money and a technology platform that gives them the confidence that their customers' most sensitive information is secure to the highest industry standard."