The Petroleum industry has a mandate to move to EMV by 2021. Due to the infrastructure constraints, this can be a costly endeavor for Petroleum Stations (can be between $60k-$200k or more for a smaller location). In the petroleum industry, the lack of cost-effective, simple solutions that allow for innovative consumer services while handling EMV puts many small to medium-sized companies at a disadvantage.
Endorsed by PAX Technologies, Sound Payments Petro Solutions has an answer to enable EMV without full construction. Our unique approach to this market allows it to provide a cost-effective multi-point, cloud-based solution that delivers EMV without the many hassles of traditional installation. Some of the hardships companies face include:
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Competition in the market and high costs of equipment and technology solutions that help differentiate
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Bringing equipment and tanks up to the latest environmental industry requirements
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Complexity of integrating new technologies (wallet apps, loyalty programs, etc.)
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Challenges in accepting newer payment methods
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Difficult to connect multiple end points
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Difficult deployment, installation and potential for disruption to daily operations
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Ability to leverage processing options is difficult
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Payments, fully-integrated, are in PCI scope
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Industry certifications for Fuel EMV still take 9+ months to complete through the integrated system
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EMV certification impacted by any payment changes or register changes
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Vendor readiness for EMV Certifications and impact of their solution
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Liability shift moved to 2020, but leaving AFD (Automated Fuel Dispenser) a target for fraud
