FIS Helps Accelerate Acceptance of Mobile Payments at the Pump

Payments Leader

Posted on October 27, 2015

 

Key facts

  • FIS enters into a technology agreement with SAP.
  • Industry-first offering in North America will eliminate the need for any physical interaction with a fuel pump to pre-authorize payment, activate the pump or complete the payment transaction.
  • Industry analysts expect to see significant merchant acceptance of contactless, cloud-based fueling in North America by 2017.

JACKSONVILLE, Fla.–(BUSINESS WIRE)–FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced a technology agreement with SAP (NYSE: SAP), in which FIS will integrate the FIS Mobile Payment Enablement Gateway solution with SAP® Vehicles Network running on SAP HANA® Cloud Platform. When used together with SAP Vehicles Network, the FIS Mobile Payment Enablement Gateway solution will allow consumers to pay at the pump from within their car or using their mobile phone. Consumers are soon expected to pull up to the gas station, activate a fuel pump and pay without ever opening their wallets.

10-27-2015 1-48-20 PM“We are excited to accelerate the digital transformation of the fueling, retail and parking industries by providing a marketplace to simplify the merchant and consumer experience”

FIS, SAP and a major mobile device manufacturer decided to work together with the intention to connect payments with automobiles and mobile devices. When used with SAP Vehicles Network, the FIS solution will help enable gas stations to simplify the customer experience by accepting secure payments from a connected car or mobile device. Consumers will simply pull up to the pump and be pre-authorized for payment – the pump will be set as soon as the customer steps out of their vehicle. In addition, it will help enable mobile wallet providers, app developers and automotive original equipment manufacturers (OEMs) to easily connect to the solution – offering rewards and loyalty programs, for instance – to further the experience and build customer loyalty.

Integrating with SAP Vehicles Network built on SAP HANA Cloud Platform, the FIS Mobile Payment Enablement Gateway is expected to provide direct payment processing to merchants, as well as support other payment processors as a transaction gateway in North America. Important to retailers, hardware upgrades are not required. Even EMV and NFC upgrades are covered by software upgrades.

“As a global leader in next-generation payments platforms, retail payments and mobile solutions, FIS is poised to deliver technologies and assets that will modernize retail payment acceptance. Our FIS Mobile Payment Enablement Gateway will help facilitate mobile payments for retailers in multiple market segments such as gas stations, convenience stores, parking garages and restaurants, as well as emerging markets such as unattended kiosks,” said Bruce Lowthers, EVP, North American Retail Payments, FIS. “FIS remains committed to leading mobile payment technology solutions and enabling frictionless commerce experiences between consumers and retailers. This technology agreement with SAP is an important step in that process.”

“We are excited to accelerate the digital transformation of the fueling, retail and parking industries by providing a marketplace to simplify the merchant and consumer experience,” said Gil Perez, SVP, IoT & Customer Innovation, general manager, Connected Vehicles. “SAP Vehicles Network harnesses the power of SAP HANA® Cloud Platform for the Internet of Things to offer a simple and secure set of cloud micro services to help app developers, merchants or automotive OEMs to consume and generate new revenues streams.”

”Mobile payment technology already is in place at many gas stations,” said Zilvinas Bareisis, senior analyst, Celent. “With the growing acceptance of mobile payments by consumers, it’s only natural to expect rapid merchant acceptance of contactless, cloud-based fueling across North America in the next few years.”

About FIS

FIS is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 42,000 people worldwide and holds leadership positions in payment processing and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.

Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).

SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.

All other product and service names mentioned are the trademarks of their respective companies.

Forward-Looking Statements

This press release may contain statements, estimates or projections that constitute “forward-looking statements” pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from FIS’ historical experience and our present expectations or projections. These risks include, but are not limited to, changes in general economic, business and political conditions, developmental and conversion delays or disruptions inherent with new software products and technology, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in or new laws or regulations affecting the banking, retail and financial services industries, changes in the growth rates of the markets for our solutions, and other risks detailed in our filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2014, and subsequent SEC filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FIS undertakes no obligation to publicly update or revise any forward-looking statements.

Contacts

For More Information
Kim Snider, +1 904.438.6278
Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com

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