Convenience-store chain Sheetz Inc. is offering customers a Discover-branded affinity decoupled debit card powered by Tempo Payments Inc., the companies announced Nov. 10.
Cardholders earn a discount of 2 cents per gallon off at the pump on their next gasoline purchase and cash-back rewards when the card is used at retailers that accept Discover.
Cardholders may link the card to any financial institution’s checking account.
First Bank & Trust, a Brooking, S.D.-based financial institution, issues the card, and Tempo settles the transactions over the automated clearinghouse system. Discover routes the transactions over its network for authorization.
In August, Tempo CEO Mike Grossman expressed his desire to partner with for-profit organizations wanting to use its affinity decoupled debit card program.
Tempo initially focused on partnering with nonprofit organizations that wanted to give its supporters another way to donate to a particular cause, including the Arthritis Foundation, the Breast Cancer Fund, Doctors Without Borders, Greenpeace, In Defense of Animals, the Manilow Fund for Health and Hope, Surfrider Foundation and World Emergency Relief.
Tempo provides such organizations 0.5% of each signature-debit sale and 0.1% of every PIN-debit purchase amount.
Convenience-store chain QuikTrip Corp. on Aug. 3 announced an expanded debit card rewards program that leverages Tempo’s platform (see story).
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