Use Your Driver’s License as a Debit Card!
Thought I would share a very interesting article by business week.
Aurora Bisig is a big believer in retailer discount cards. At her last count, she had a dozen—from Sam’s Club to nearly every grocery store in Central Texas. So this March, when the Austin (Tex.) insurance agent pulled into a gas station for a fill-up and saw a sign promising an additional 10¢ off per gallon for signing up with a new e-payment program, she was interested.
She was also pleased to learn that the “RollbackPrice” program wouldn’t require her to add another piece of plastic to her overstuffed wallet. Instead, after entering her driver’s license number and bank account information online with a two-year-old company called National Payment Card, she’d be able to pay for gas just by swiping her driver’s license (linked directly, via the existing magnetic stripe, to her bank account), and entering a personal identification number.
May 22nd, 2007 at 11:36 am
National Paymentcard LLC in Boca Raton Florida has developed the technology to tie a Driver’s License to a checking account, or multiple accounts. This Pin Based IP service offers to eliminate Interchange Fees (Discount rate charged by the Card Associations). Allowing Merchants to self fund a Loyalty program, increasing business, foot traffic and giving Consumers a discount on their purchases.
Randall Shake
CEO
ACH PAY LLC