PURCHASE, N.Y.--(BUSINESS WIRE)--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.
