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SCOTTSDALE, Ariz. -- Giant Industries Inc., an independent refiner and marketer operating in three states, said it has forged an alliance with Orem, Utah-based Q Comm International Inc. to provide prepaid transaction processing and electronic point-of-sale (POS) distribution solutions.
Under the agreement, Giant plans to use Q Comm's Qxpress 200 point of sale activation (POSA) terminals and transaction processing services for the electronic distribution of prepaid and financial services throughout its Giant convenience store chain.
To date, Giant has installed Q Comm's Qxpress terminals in 130 of its total 132 stores located throughout Arizona, New Mexico and Colorado. Giant pays Q Comm a transaction fee on each product sold through the terminals.
Giant stores have replaced traditional scratch cards with Q Comm's POSA terminals. These terminals maintain a minimal amount of electronic inventory or create products on demand. The POSA terminals work in conjunction with Q Comm's transaction processing center to electronically distribute prepaid and financial services from a variety of service providers to each retail location. Using this method has allowed the chain to virtually eliminate all its product inventory costs in prepaid phone cards, theft and stock outages of various prepaid and financial services.
"By switching from live inventory cards to electronic distribution, we are free from the burden of managing and safeguarding live prepaid inventory," says Mike Polo, director of marketing for Giant Retail Stores Group. "Plus, now we are always in stock. Previously with live inventory hard cards, managers might forget to reorder cards or cards may have been inaccessible during night shifts, resulting in lost sales. But now, we are in stock 24 hours a day as inventory is electronically replenished automatically and securely."