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 SPOT 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.