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MasterCard partners with P97 to enable mobile payments and rewards at the pump

GAS GIANTS: MasterCard and P97 have teamed up for mobile payments at gas stations

MasterCard has announced a global partnership with mobile payments at the pump provider P97 to enable mobile payments and rewards at gas stations and convenience stores that are equipped with P97’s PetroZone platform.

“Powered by MasterCard technology, the partnership will utilise P97’s PetroZone mobile commerce platform to integrate to existing gas station infrastructure, making it easier for consumers to find, buy and save on gasoline and convenience store purchases through their mobile phones,” the companies say.

“The PetroZone mobile commerce platform supports many payment choices including proprietary cards, branded debit and credit cards, fleet cards, private label ACH and integrations to front-end processors, payment networks and many different mobile wallet options — including those from Apple, Google, Microsoft and Samsung, companies using the PetroZone solution will also have access to the MasterPass wallet.”

Economic benefits

“By leveraging MasterCard’s Digital Enablement Service (MDES), the MasterCard and P97 solution will optimise security and provide new economic benefits for merchants and oil companies depending on the specific payment offerings for consumers,” they add.

“P97’s PetroZone works with a wide variety of POS and electronic payment systems from industry leaders such as VeriFone, Wayne, Gilbarco, Fiscal and Microsoft. PetroZone also supports above-site payment authorisation and tokenization to offer the latest and broadest payment capabilities in the market today.”

“We know that when a consumer pulls up to the pump, they are not thinking about making a payment — they just want to get what they need and go as fast as possible,” says Felix Marx, executive vice president of mobile transaction solutions at MasterCard. “This is one way that we’re helping our customers create safer and richer experiences to deliver exactly that.”

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