SOUNDPAYMENTS | Quantum Petro
Quantum Petro provides multi-point, cloud-based technology solutions for the petroleum industry. Our team is comprised of payment industry experts and engineers who recognized that a piece of the puzzle was missing for many small to medium-sized petro companies: the need for a cost-effective, state-of-the-art cloud-based platform that allows for the delivery of innovative services and eases installation challenges at the pump.
petro, petroleum, petro payment solutions, petroleum payment solutions, cost-effective, pump, POS, cloud-based, payments, merchant
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Petro Solutions

Easily & Cost-effectively Enable EMV
How we can help… 

C-Store and Petroleum retailers are struggling with the high cost of upgrading fuel dispensers to accept EMV cards. Sound Payments Petro Solutions is a multi-point, cloud-based technology offering a unique retrofit payment solution for the petroleum industry that is cost-effective, PCI compliant, and accepts EMV, Mag-Stripe, and Contactless payment transactions directly at the pump. Independent stations can now meet industry requirements without expensive upgrades or closing stations for several weeks. 

Cloud-based, Unique Retrofit Solution
  •  Simplified connectivity to current system 
  • Platform to accept numerous payment methods, including coupons, wallet apps, loyalty programs and gift cards 
  • Cloud-based integration strategy allows for multiple end points to connect numerous devices to the store 
Feature-rich, Competitively Priced
  • No other available solution on the market that offers a similar level of features at a cost-effective price 
Solve EMV and PCI
  • Industry is mandating move to EMV by 2020 
  • Major target for fraud 
  • Eliminate risk and meet industry requirements at a competitive price 
  • EMV certification delivered 
  • Remove sensitive PCI data from store networks 
Simplified Implementation
  • Seamless transition 
  • Unique, non-intrusive approach to connecting hardware to the pump 
  • Integration to existing systems 

Let us solve it!

The cloud adheres to internal systems and interfaces with standard industry protocols. Our deployment and industry strategy ensure a seamless transition and minimizes downtime by phasing deployment while also giving the option to temporarily run the old and new system simultaneously. 

The all-in-one payment terminal supports QR code scanning, PIN-one-glass, MSR, EMV chip and PIN, NFC for Apple Pay and Google Pay, bluetooth and Wi-Fi, and includes a built-in security camera. The device is simple to install with only one cord for power. 

Forecourt and In-store Solutions 

  • Store systems are removed from PCI Scope 
  • No impact to internal reporting and archiving of data 
  • Direct to processor transaction path allows for easier payment processing options 
  • Platform can easily support other innovation and connect to the store systems 

Industry Challenges 

The Petroleum industry has a mandate to move to EMV by 2020. Due to the infrastructure constraints, this can be a costly endeavor for Petroleum Stations (can be between $60-$200k or more for a smaller location). In the petroleum industry, the lack of cost-effective, simple solutions that allow for innovative consumer services while handling EMV puts many small to medium-sized companies at a disadvantage. 

 

Endorsed by PAX Technologies, Sound Payments Petro Solutions has an answer to enable EMV without full construction. Our unique approach to this market allows it to provide a cost-effective multi-point, cloud-based solution that delivers EMV without the many hassles of traditional installation. Some of the hardships companies face include: 

 

  • Competition in the market and high costs of equipment and technology solutions that help differentiate 
  • Bringing equipment and tanks up to the latest environmental industry requirements 
  • Complexity of integrating new technologies (wallet apps, loyalty programs, etc.) 
  • Challenges in accepting newer payment methods 
  • Difficult to connect multiple end points 
  • Difficult deployment, installation and potential for disruption to daily operations 
  • Ability to leverage processing options is difficult 
  • Payments, fully-integrated, are in PCI scope 
  • Industry certifications for Fuel EMV still take 9+ months to complete through the integrated system 
  • EMV certification impacted by any payment changes or register changes 
  • Vendor readiness for EMV Certifications and impact of their solution 
  • Liability shift moved to 2020, but leaving AFD (Automated Fuel Dispenser) a target for fraud 

Pricing and Roll-out Strategy 

We can help solve challenges at a much lower price while providing the features and functionality to make a station more profitable. The up-front cost for a station is an average of $10k with a monthly service fee that is an average of $400. This estimate is calculated based on 8 pumps at a station and is the total cost per station. 

Easy Upgrade 

Three easy steps to retrofit existing fuel dispenser: 

 

  1. Unscrew, unplug and replace 
  2. Pair preconfigured device via Wifi 
  3. Start processing!