Mastercard Joins with Gulf Oil to Drive Faster, More Secure Payments at the Pump through Masterpass
25 February 2017 - 12:00AM
Business Wire
Masterpass will be integrated as a payment
option in the new Gulf mobile application making it easier for
consumers to find, buy and save on fuel
Mastercard announced today plans to integrate Masterpass into
Gulf Oil’s new mobile payment application, Gulf Pay. The new
offering, powered by P97’s PetroZone® mobile commerce platform,
will enable Gulf customers to find the nearest Gulf gas station and
utilize mobile payment technology to complete fast, simple, and
secure payments at the pump and in stores.
Masterpass will be embedded in the Gulf Pay wallet as an
additional secure payment method and will store all payment
information, including card details, shipping information, and
payment preferences in one convenient location. Masterpass
leverages the most advanced methods of payment security available
today, including tokenization, which ensures information is
protected.
With the integration of Masterpass in the Gulf Pay wallet, Gulf
and Masterpass customers will have a convenient, secure, and
seamless shopping experience by allowing payment authorization
directly from the comfort of their vehicle. Gulf plans to launch a
pilot of the program at Gulf retail fuel locations throughout New
England and New York markets in spring of 2017.
“Smartphones have become an integral part of our lives and the
launch of the Gulf Pay app represents the next generation of
payment options at our branded stations,” said Nikki Fales,
Marketing Manager at Gulf Oil. “By working together with Mastercard
and P97, we will be able to deliver better solutions for our
customers and merchants.”
U.S. gasoline consumption has increased steadily for the past
four years, with consumers pumping more than 135 billion gallons of
gasoline in 2016 alone, per Mastercard SpendingPulse. As trips to
the pump continue to increase, Gulf has identified an innovative
way to differentiate its services and build loyalty among
customers.
“We know that consumers want to fuel up quickly and be on their
way, so we’ve partnered with P97 and Gulf to deliver a frictionless
payment experience to get people back on the road as fast as
possible,” said Linda Kirkpatrick, executive vice president,
Merchants & Acceptance, Mastercard. “The fuel category is a
great example of where Masterpass can deliver the speed a consumer
wants with the security they’ve come to expect from
Mastercard.”
With Masterpass, users can make purchases in merchant apps or
online by simply clicking the Masterpass button and authenticating
to complete a transaction. In-store, users simply tap to pay at
contactless-enabled merchants and get on their way. For a complete
list of Masterpass online and in-app accepting merchants visit
www.masterpass.com, in-store enabled merchants can be found
here.
“P97 is proud to bring together two partners, Mastercard and
Gulf, as a demonstration of how mobile technology can join business
objectives in retail fueling,” said P97 CEO, Donald Frieden. “The
powerful PetroZone platform is strengthened by Gulf Oil’s
commitment to industry-leading technology, and the proliferation of
the robust ecosystem that Masterpass provides.”
About Gulf Oil
Gulf Oil is a diverse refined products terminaling, storage and
logistics business and is a leading distributor of motor fuels in
the United States. Gulf owns and operates a network of 17 terminals
with over 14 million barrels of refined product storage capacity in
the northeastern U.S. As a premier terminaling and logistics
platform, Gulf is accessible to the Mid-Continent, Gulf Coast and
the New York Harbor supply hubs, which translates into competitive
and diverse supply options for customers. More information about
Gulf Oil can be found at www.gulfoil.com.
About Mastercard
Mastercard (NYSE: MA), 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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170224005083/en/
Media:Sarah Ely, 914-249-6714Sarah.ely@mastercard.com
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