Streamlining and upgrading its payment processing, BP has chosen Los Angeles-based PayPoint Electronic Payment Systems as payment processor for BP’s U.S. network of 15,000 BP, Amoco, and ARCO service stations. The move will give BP a more efficient payment processing operation while exposing it to PayPoint’s payment processing expertise, especially in the increasingly popular PIN-based debit card arena. PayPoint, which processes payments in the gasoline, grocery, and specialty retail industries, will see its processing volume increase 50 percent.
Created in 1984 to help ARCO launch PIN-based card payments at the island, PayPoint added non-petroleum clients in the 1990s while continuing to process payments for parent ARCO. After BP acquired ARCO in 2000, BP had separate payment processing entities for its BP, Amoco, and ARCO retail sites. BP and Amoco payment processing have been done internally in Tulsa through an outsourced data processor.
“We needed to consolidate our BP, Amoco, and ARCO payment processing networks into one more effective network while maintaining a high level of service,” says BP manager of retail site infrastructure Bill Tait. “We were looking for one quality environment run by a professional payment processing specialist. When we analyzed it, PayPoint was the obvious choice.”
PayPoint, Tait says, has the expertise to quickly and economically merge the three payment processing systems into one without changing anything at BP’s retail sites. “By simplifying our payment processing we are improving our capabilities without increasing our costs,” says Tait. “We think payment processing will evolve in the coming decade, with more payment offerings, different security issues, and new bank settlement requirements,” he added.
PayPoint president Mark Blincoe says winning BP’s business is another big step in PayPoint’s continuous growth. “We’re also excited about introducing pay-at-the-pump PIN-based debit to a large merchant in new geographic areas. Adding BP’s business boosts us from 1 billion to 1.5 billion transactions per year,” says Blincoe.
To consolidate BP, Amoco, and ARCO into one PayPoint payment system, PayPoint has launched a 12 month “card authorization project.” PayPoint will add links to eight new varieties of BP/Amoco point-of-sale (POS) terminal platforms, while also adding links with new proprietary card and fleet card providers. The move to PayPoint will not impact dealers and jobbers.
BP p.l.c. (NYSE: BP) has 15,000 retail sites in 37 states, ranking second in U.S. gasoline market share. Its BP and Amoco stations in the East, Midwest and South offer a variety of credit and fleet card payment options. In early 2001, BP launched its global “BP Connect” rebrand/store-of-the future program. The new retail sites feature a new global BP design, solar panel canopies, and web-enabled pumps for accessing travel information and news. Inside, there are internet-enabled kiosks for accessing travel information. BP also operates nearly 1,800 ARCO retail outlets and ampm convenience stores in six states in the Western United States.
PayPoint, one of the largest processors of PIN-based debit, is a leading national electronic payment processor. PayPoint has added supermarket/grocer, quick service restaurant, convenience store and specialty retailer clients while introducing several payment products like credit, gift card, check, electronic benefits transfer (EBT), proprietary card, fleet card, and e-commerce processing.Details