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LAS VEGAS -- Dallas-based Paymentech, a national electronic payment processor, announced at the NACS Show in Las Vegas that it added more than 23,500 petroleum locations to its customer base this year, marking Paymentech's largest petroleum market gain in the last decade.
Paymentech's petroleum customers run the gamut from large oil companies to regional players like recently signed United Energy/Samson-Bladen Oil, Rally Stores and Risser Oil. Paymentech's petroleum-specific payment solutions have contributed to multiple contract wins in the last year.
Among these solutions is partial debit authorization, which allows consumers to pay at the pump with their debit cards, even if they are low on cash and do not meet the minimum authorization requirement. Other advancements with digital subscriber line DSL and IP connectivity have helped Paymentech intensify petroleum business development efforts.
"We chose Paymentech because of their size and scope in the market, and because they have the strategic partnerships that can deliver the broadest range of products and services to our stores," said Mark Perreault, VP/GM of Rally Stores. "And we were impressed that they can offer payment solutions that are specific to our industry."
In 2005, Paymentech will release multiple new POS certifications, part of the company's efforts to offer the widest range of payment options for petroleum marketers.