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:
Competition in the market and high costs of equipment and technology solutions that help differentiate
Bringing equipment and tanks up to the latest environmental industry requirements
Complexity of integrating new technologies (wallet apps, loyalty programs, etc.)
Challenges in accepting newer payment methods
Difficult to connect multiple end points
Difficult deployment, installation and potential for disruption to daily operations
Ability to leverage processing options is difficult
Payments, fully-integrated, are in PCI scope
Industry certifications for Fuel EMV still take 9+ months to complete through the integrated system
EMV certification impacted by any payment changes or register changes
Vendor readiness for EMV Certifications and impact of their solution
Liability shift moved to 2020, but leaving AFD (Automated Fuel Dispenser) a target for fraud
