FIS bids to bring mobile payments to the pump

Source: FIS

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.

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.” 

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