MasterCard and P97 Drive Mobile Payments Innovation at Gas Stations and Convenience Stores
October 07 2015 - 8:00AM
Business Wire
Global Partnership Delivers Personalized Offers
and Faster, Easier Way to Pump, Pay and Go Using Mobile Phones
MasterCard today announced a global partnership with mobile
commerce provider P97 to make it easier for consumers to find, buy
and save on gasoline and convenience store purchases through their
mobile phones.
Last year, in the U.S. alone, consumers pumped more than 135
billion gallons of gasoline, according to MasterCard SpendingPulse.
As trips to the pump continue to increase, along with competitive
pricing strategies, fuel companies and store operators are
increasingly looking for ways to differentiate their services and
build loyalty among their customers.
The MasterCard fuel solution will leverage a wide range of
MasterCard’s marketing and technical assets, and will utilize P97’s
PetroZone® mobile commerce platform to integrate to existing gas
station infrastructure. The new solution will enable fuel companies
to develop innovative mobile apps for consumers to search for and
navigate to the nearest or preferred gas station, make fast and
simple mobile payments at the pump and convenience store, and
receive personalized offers for in-store purchases.
“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,” said 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.”
“This is an exciting new chapter for P97 with the combination of
our PetroZone® mobile commerce platform and the MasterCard Digital
Enablement Service to deliver more secure mobile payments,” said
Donald Frieden, president and CEO of P97. “With the addition of
other MasterCard services, such as MasterPass, we believe this
solution will deliver the best possible mobile experience for the
retail fuels market and their consumers.”
About MasterCard
MasterCard (NYSE:MA),
http://www.mastercard.com, is a technology company in the
global payments industry. We operate the world’s fastest
payments processing network, connecting consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. MasterCard’s products and solutions
make everyday commerce activities – such as shopping, traveling,
running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on
Twitter @MasterCardNews, join the
discussion on the Beyond the Transaction
Blog and subscribe for the latest news on
the Engagement Bureau.
About P97
P97 Networks provides secure cloud based mobile commerce
and digital marketing solutions for the convenience retail and
fuels marketing industry under the brand name PetroZone®. P97’s
mCommerce solutions enhance the ability of convenience store
operators, marketers, and oil companies to attract and retain
customers by providing technology that securely connects millions
of individual mobile phones and connected cars with identity and
geo-location based software technology to create truly unique
connected-consumer experiences. P97’s software personalizes the
“find-buy-save” experience for every mobile consumer. For more
information follow us on Twitter @p97networks or visit
www.p97.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151007005338/en/
MasterCardBrian Gendron,
914-325-1799brian_gendron@mastercard.comorP97Monica Danna,
281-687-7515monica.danna@p97.com
MasterCard (NYSE:MA)
Historical Stock Chart
From Mar 2024 to Apr 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From Apr 2023 to Apr 2024