P97 Networks & Buy It Mobility Networks (BIM) to Implement Branded ACH Mobile Payments at Phillips 66®, Conoco®, 76® Brand...
October 17 2017 - 6:00AM
Business Wire
Today, P97 Networks and Buy It Mobility Networks (BIM) announced
they have struck a deal with customer Phillips 66 (NYSE:PSX) to
provide ACH based payment and consumer engagement services at
Phillips 66®, Conoco® and 76® branded locations. The program will
rely on BIM’s advanced technology to expand the capabilities of P97
Networks’ PetroZone® Mobile Commerce Platform and provide Phillips
66®, Conoco® and 76® branded consumers with a fast, easy and secure
way to link their checking account to Phillips 66’s mobile payment
offering.
Phillips 66’s mobile branded debit program will now operate via
BIM’s white-label ACH platform, enabling faster consumer
enrollment, increased consumer loyalty and engagement, consumer
authentication and risk mitigation to dramatically reduce fraud,
and guaranteed transactions that settle the next day to Phillips
66.
“We are really excited to be working with Phillips 66 and all
three of their iconic fuels brands, as well as a world-class
technology company in P97,” said BIM CEO Adam Frisch. “Not only
will this partnership offer consumers a better and more rewarding
payment option, but Phillips 66 will also benefit from a platform
that enables them to develop more meaningful relationships with
consumers, drive loyalty and lower transaction costs and fraud
expenses.”
“Working with P97’s winning technology and BIM’s premier payment
platform helps put Phillips 66 at the forefront of the mobile
commerce revolution for branded fuel locations and c-stores,” said
Rod Palmer, General Manager Marketing Services. “With BIM’s ACH
debit product in our branded wallets, most consumers with a bank
account will have the opportunity to pay with their phone at our
branded sites.”
“U.S. consumers and merchants are increasingly demanding ACH at
the point of sale, which is important for the future of mobile
commerce; BIM is leading the charge and is the best platform we
have seen in the marketplace,” said Don Frieden, President and CEO
of P97 Networks. “By collaborating with BIM, PetroZone will help
make the company’s vision of a frictionless, safe, paper-free
check-out process a reality.”
About Buy It Mobility Networks
Buy It Mobility Networks (BIM) is the premier mobile/web
ACH-based payment and consumer engagement platform that enables
merchants to develop more meaningful relationships with their
customers, generate incremental revenue growth, lower payment
costs, dramatically reduce fraud rates, drive loyalty participation
and create superior mobile and online buying experiences for their
shoppers. BIM’s platform also offers fast consumer enrollment
(roughly 40 seconds on average), reduces fraud through its
proprietary authentication/verification tools and risk algorithms
and provides guaranteed transactions that are settled next day. To
learn more, visit http://www.bimnetworks.com.
About P97
P97 Networks provides secure cloud based mobile commerce
and digital marketing solutions for the convenience retail and
fuels marketing industry under the brand name PetroZone®. P97’s
mCommerce solutions enhance the ability of convenience store
operators, marketers, and oil companies to attract and retain
customers by providing technology that securely connects millions
of individual mobile phones and connected cars with identity and
geo-location based software technology to create truly unique
connected-consumer experiences. P97’s software personalizes the
“find-buy-save” experience for every mobile consumer. For more
information follow us on Twitter @p97networks or visit
www.p97.com.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products
globally. Phillips 66 Partners, the company's master limited
partnership, is an integral asset in the portfolio. Headquartered
in Houston, the company has 14,600 employees committed to
safety and operating excellence. For more information,
visit www.phillips66.com or follow us on
Twitter @Phillips66Co.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171017005480/en/
P97 Media ContactMonica Danna,
281-687-7515monica.danna@p97.com
Phillips 66 (NYSE:PSX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Phillips 66 (NYSE:PSX)
Historical Stock Chart
From Apr 2023 to Apr 2024