Payments technology provider Worldpay Inc., the National Association of Convenience Stores and the Petroleum Marketers Association of America have announced a multiyear agreement that establishes Worldpay as the groups' exclusive payments processing company, according to a press release.
"Worldpay is a significant player in the unbranded fuel and convenience store market with the capabilities to deliver innovative, scalable solutions and be a trusted partner to all of our members," Michael Davis, vice president of member services at NACS, said in the press release. "And with Worldpay's global reach, our unbranded retail members can look forward to expanded opportunities."
NACS selected Worldpay for its already-extensive presence in fuel and convenience retailing markets in the United States, as well as its global reach and nearly 10-year relationship with PMAA, the release said. "PMAA is glad to continue our long-standing exclusive endorsement with Worldpay which will continue to offer first-rate benefits to petroleum marketers," said PMAA President Rob Underwood.