What is ACH Decoupled Debit?

Decoupled Debit refers to a mobile app or state issued card that directly debits payments from consumers’ bank accounts using PIN-protected and fully encrypted consumer data.

In 2016, the Decoupled Debit industry processed $12.6 billion in sales.

Based on low-cost settlement through the ACH network, a suite of electronic fund debit products has emerged for mobile and merchant / state issued debit cards. The industry has referred to this product as “ACH Decoupled Debit”. The term arose from the fact that the electronic fund will be issued from a third party that does not hold the cardholder’s savings or checking account and thus “decouples” the card from the traditional bank / depository institution. In this emerging payment space, Lotto Payment Association is referred to as an “Intermediate Service Provider”.

States and merchants are seeking / demanding a relief from the current business model and monopolistic pricing tendencies of credit card, debit card and payment processors. Lotto Payment Association is capitalizing on this opportunity for a new payment mechanism and has developed the infrastructure and deployed this distributed technology that bypasses the major card brands and their interchange schedules.

A fixed 21 cents per transaction for a $10, $20, $50, $100, $150

No Chargebacks – No Reversals

Each transaction is PIN-protected and auto-generates a payment transaction email as further safeguarding. We continuously monitor and limit exposure to fraud and we guarantee all transactions to further minimize risk to retailers and consumers alike.

How is this a game changer for Lotteries?

Alternative Payment for Vending, POS & iLotteries

How is this a game changer for Lotteries?

Lotto Payment Association’s goal is to provide a lift in purchases of lottery tickets by enabling consumers to use loyalty points to pay for lottery or have funds electronically debited from their checking accounts.

  • New Source of Money  — Billions

  • New Source of Players — Millions
  • New Source of third-party email campaigns without additional cost
Unlike traditional payment methods, LPA is in a unique position to provide specific consumer level data to lotteries:
  • Who the players are

  • Verify they are older than 18 years of age
  • How often and what they purchased

  • Where they purchased

  • How much they are spending daily, weekly and monthly
  • Limit how much they can purchase daily, weekly and monthly