Contactless Payment
Product Overview
Contactless payment is the latest implementation of wireless RFID payment technology at the gas pump. Now you can upgrade your CRIND with new hardware that enables the CRIND to receive payment from Contactless devices compliant with the global RFID standard ISO 14443 A and B, at 13.56 MHz.
Merchant Features and Benefits
Revenue and Customer Loyalty
- Ideal for quick pay and unattended environments
- Provides higher throughput potential (compared to mag stripe)
- Opportunity for increased fuel and in-store lift
- Competitive differentiation
- Potential to link with loyalty program
Cost
- Best transaction rates, qualifies as a mag stripe read
- No overhead expense to enroll consumers
- No expense of buying and distributing payment devices (unless you co brand)
Security
- Reduced fraud compared to mag stripe
- Dynamic card verification value ("CVV") required (card data changes for each transaction reducing "sniffing" concerns)
Flexibility and Ease of Use
- Card companies support online debit transactions
- No need to create/maintain central database
- Open platforms to allow support for additional applications to be loaded into hardware
Consumer Features and Benefits
- Improved convenience and speed (no signature or PIN required)
- More control over credit data throughout payment transaction
- Provides more cashless payment alternatives
- Reduced handling of cash and coins
- Zero liability for unauthorized charges
How it works
Contactless Payment employs an electronic system located in the pump to "talk" with a miniature chip embedded in a credit card or a key fob (a transponder linked to a credit or check card). When the card is presented near the contactless point of sale terminal, customers enjoy immediate pay-at-the-pump convenience. Gilbarco's Contactless Payment system accepts either contactless or magnetic stripe payment.
Credit Card Companies Currently Supported
American Express, MasterCard, and Visa
Market Availability
North America, subject to your point of sale capabilities
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| » | First System-Wide Rollout of Contactless Smart Card In Petroleum Marketing Industry
(January 3, 2005) The new contactless smart card payment option adds more than 3,100 fueling positions in the company's Gilbarco branded dispensers in North Carolina, Pennsylvania,West Virginia, Maryland, Virginia and Ohio.
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| » | Gilbarco Veeder-Root's Contactless Card Option Completes MasterCard PayPass Approval
(June 9, 2005) The Gilbarco Contactless Card Option is available as a factory-installed option or retrofit kit for current production models EncoreTM and Eclipse™ and as a retrofit kit for The Advantage® series dispensers.
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| » | Wawa Announces Rollout of Gilbarco's Contactless Card Readers
(November 7, 2005) The contactless card reader option will be added to more than 1,900 fueling positions in Pennsylvania, Delaware, Maryland, and Virginia.
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| » | Meijer Announces Rollout of Gilbarco's Contactless Card Reader at 150 Stores
(September 26, 2005) Meijer's 150 stores that sell gasoline will have over 1,850 fueling positions upgraded with Gilbarco's ISO 14443 contactless card system.
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| » | Encore S Dispenser page
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| » | CRIND page
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