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Gilbarco Veeder-Root and Ingenico Form Strategic Global Partnership Retail fuel customers to benefit with the latest indoor and outdoor payment solutions GREENSBORO, N.C. (USA) and NEUILLY-SUR-SEINE (FRANCE) - October 9, 2006 - Gilbarco Veeder-Root Inc., a global provider of fuel dispensing equipment and Ingenico, a global leader in secure payment and transaction solutions have entered into a strategic global partnership to deliver secure and reliable end-to-end payment solutions for petroleum retailers worldwide. The companies will jointly develop and deliver comprehensive integrated indoor and outdoor payment technologies that automate petroleum retail sites, with the highest standards for security, ease of use, and convenience. Their developments will lead to a single global development platform and solution to address the requirements of multiple markets, countries and standards and will include unsurpassed EMV/Chip and PIN solutions. The two global leaders combined represent the largest installed base of indoor and outdoor payment terminals in fuel sites. "Ingenico's technology and expertise will allow Gilbarco Veeder-Root to deliver seamless payment solutions that extend the general retail environment to the convenience store and the forecourt. As we globalize our indoor and outdoor payment platforms, our customers will benefit through the integration of key Ingenico technologies with products like our EMV-approved Outdoor Payment Terminal," said Kirsten Paust, global vice president for retail solutions for Gilbarco Veeder-Root. Malcolm Bushell, Ingenico's Executive Vice President Global Sales & Services, added, "Gilbarco's expertise in outdoor payment and petroleum retail automation make them an outstanding partner to leverage Ingenico's unparalleled expertise and technology in retail payment systems. Our common customers will benefit from application portability from our advanced UNICAPT 32 platform. This alliance brings immediate value to our customers in the Fuel Industry." Gilbarco Veeder-Root and Ingenico are uniquely positioned to provide the best possible solutions for their global customer base, according to Paust and Bushell. With the companies' combined expertise on payment security regulations and similar focus on customer support for advanced technology, they will deliver to petroleum retailers global end-to-end payment solutions that allow them to deploy, quickly and easily, the latest indoor and outdoor payment technologies. ### About Gilbarco Veeder-Root Gilbarco Veeder-Root and Gasboy are leading suppliers of integrated fuel control, site management, and support services for petroleum marketers and commercial fueling enterprises worldwide. (www.gilbarco.com, www.veeder.com, www.gasboy.com) Gilbarco Veeder-Root is a leading global provider of fuel dispensing equipment, fully integrated point-of-sale systems, and payment solutions to the petroleum retailing industry. The company has approximately 30,000 integrated POS systems and 250,000 forecourt card payment devices in operation today. With its headquarters at Greensboro, N.C., USA, and a history that dates to 1865, the company has sales, manufacturing, research, development and service operations in Argentina, Australia, Brazil, China, Germany, Italy, the United Kingdom and the United States. The company employs about 4,000 employees and has distributors in 100 countries. About Ingenico Throughout the world businesses rely on Ingenico for secure and expedient electronic transaction acceptance. Ingenico products leverage proven technology, established standards and unparalleled ergonomics to provide optimal reliability, versatility and usability. This comprehensive range of products is complimented by a global array of services and partnerships, enabling businesses in a number of vertical sectors to accept transactions anywhere their business takes them. For more information about Ingenico, a leading supplier of electronic acceptance technology, please visit www.ingenico.com. Contact |
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