New partnership between payments solutions provider and refurbished pump supplier will help independent c-stores update to EMV compliant forecourts.
Petroleum payments solutions provider Sound Payments and Gas Pump Exchange announced a partnership that will allow fueling stations to choose Sound Easy Pump, a cost-effective EMV option, when purchasing a refurbished pump from Gas Pump Exchange or as a stand-alone product for their existing pump.
“We are excited to launch this partnership with Sound Payments to make affordable EMV a reality for so many independent stations nationwide,” said Doug Paul, executive director at Gas Pump Exchange. “By providing fully rebuilt EMV warrantied dispensers with the Sound design solution, we will bring financial relief to many of our customers.”
Stations must integrate chip-enabled credit- and debit-card hardware and software in their fuel pumps (often called EMV compliance, referring to Europay, Mastercard and Visa payment cards) or risk paying the cost of chargebacks caused by skimmers at the pump. Many station owners have delayed upgrading their pumps to accept EMV chip cards. Chargebacks increase every month and will continue to increase for those that haven’t upgraded.
“Our partnership with Gas Pump Exchange is a natural fit,” said Andrew Russell, president of Sound Payments. “They are providing a product that is more affordable to station owners just like we are doing at Sound Payments. Together we are helping protect stations across the country while giving them an option that is hassle-free.”
Sound Easy Pump is a semi-integrated secure solution that can easily and cost-effectively enable EMV at the pump in a couple of hours or less. It supports contactless via card tap or NFC, QR code scanning, PIN-on-glass, remote key injection, MSR, and EMV chip and PIN. Sound Easy Pump is Visa Ready certified for providing an optimal tap to pay experience.
Gas Pump Exchange provides fully remanufactured gas pumps & POS Systems for service stations across the U.S. It has more than 15 years of experience providing equipment, including custom and refurbished gas pumps to the service station industry.
Sound Payments creates simplified, innovative solutions in the payments and petroleum industries. Petro Solutions provides technology solutions for the petroleum industry, including Sound Easy Pump, which enables stations to cost-effectively install a retrofit solution at the pump that solves EMV.
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November 18, 2021 at 05:47AM
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Sound Payments, Gas Pump Exchange Making EMV Affordable - Convenience Store Decisions
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