Gilbarco Releases Industry's First Multi-Network Credit and Debit EMV Compatible Petroleum Retail Point-of-Sale Solution

GREENSBORO, NC --(Marketwired - May 12, 2016) - Gilbarco Veeder-Root has announced general availability of its EMV certified platform with the Passport Point-of-Sale (POS) for retailers utilizing either the First Data (NYSE: FDC) or HPS (NYSE: HPY) Dallas network. EMV availability on the First Data network will allow the majority of petroleum retail brands including ExxonMobil, Sunoco, Valero, Clark, Gulf, and Sinclair to be among the first petroleum retailers to accept EMV transactions. Also included in this group are retailers processing on the HPS-Dallas network, representing brands such as CITGO and Marathon Petroleum.

Gilbarco's Passport POS solution is the first petroleum POS to provide general availability of software supporting both EMV Credit and Debit transactions. Support of multiple common payment types reduces consumer confusion around inserting vs. swiping their card at the payment terminal. Multi-EMV card format support ensures that all EMV-capable cards are processed as a chip payment, reducing consumer ambiguity and increasing consumer satisfaction, while maximizing the retailer's protection against fraud and liability. In addition, releasing credit and debit support of EMV in a single, easy to deploy software update for the Passport POS minimizes retailer downtime.

Adoption of EMV technology to reduce payment fraud has been a major focus of the industry over the last few years with many investments and collaboration being made across payment suppliers, and oil companies.

"Gilbarco is proud to be the first petroleum POS to commercially offer both credit and debit EMV transaction support," said Kevin Bailey, Director of POS Marketing, Gilbarco Veeder-Root. "Retailers using a Passport POS will be the first in the industry to begin reaping the benefits of reduced fraud liability, and the ability to offer secure payments to a consumer base that is increasingly aware of where they can, and can't, use their EMV chip cards."

Current Gilbarco customers can work with their Gilbarco Distributor or Authorized Service Contractor to obtain the software update applicable to their retail environment. Gilbarco is additionally on the forefront of obtaining EMV support for the remaining Petroleum payment networks, as well as EMV support for Gilbarco Forecourt offerings.

Gilbarco will exhibit Passport v11 at its 2016 Retail Technology Conference May 17^th - 20^th in Hilton Head SC.

About Gilbarco Veeder-Root
Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations. They offer the broadest range of integrated solutions from the forecourt to the convenience store and head office. For almost 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support and proven reliability. Major product lines include: fuel dispensers, pump media, point of sale systems, payment systems, tank gauges, software development and integration, fleet management systems, and nozzles.