To: Fred Levine who wrote (2726 ) 11/4/1998 4:55:00 PM From: Fred Levine Respond to of 4722
Having written that... Wednesday November 4, 3:59 pm Eastern Time Company Press Release VeriFone and FleetOne to Automate the Point-of-Sale at Gas Stations in Mexico First Widespread Deployment of Electronic Payment Technology in Mexico Delivers New Convenience and Safety to Consumers and Stations MEXICO CITY--(BUSINESS WIRE)--Nov. 4, 1998-- VeriFone, Inc., the leading global provider of secure electronic payment solutions, today announced that FleetOne de Mexico, a subsidiary of Williams Company Inc, has selected VeriFone point-of-sale (POS) payment terminals for deployment at gas stations in Mexico. This implementation represents the first nationwide deployment of electronic payment technology in Mexican gas stations, and will give consumers the convenience and safety of a pre-paid card solution. FleetOne de Mexico and ONEXPO (National Association of Gas Stations) signed an agreement in which FleetOne de Mexico will provide card technology for more than 4,000 gas stations country wide in 1999. FleetOne also signed an agreement with PEMEX Refinacion to allow FleetOne and ONEXPO to implement this new technology solution in Mexico. FleetOne de Mexico selected VeriFone to deliver POS solutions for the deployment, and the companies have already initiated a successful pilot in which VeriFone terminals were implemented in 100 gasoline stations. ''This implementation represents a major evolution at the point of sale for gas stations in Mexico, and requires flexible, proven technology,'' said Lic. Gloria Albarran, Director at FleetOne de Mexico. ''VeriFone is the world leader and a trusted name for electronic payment solutions for the point of sale. We also see technology innovation from VeriFone that will allow us to evolve the systems with smart cards and new applications.'' ''In the past, drivers in Mexico have been limited to cash when it comes to paying for gas,'' said Fernando Lopez, General Manager at VeriFone Mexico. ''With this new solution and the FleetOne and ONEXPO agreement, consumers and gas stations will no longer be required to face the fear and risks of carrying money for cash-only payment for gas, and will gain the added benefit of loyalty points.'' The solution being deployed in Mexico includes VeriFone's OMNI 395 payment terminal, the P350 printer, and the PINpad 450, personal identification number entry device, as well as locally developed software. Fleet managers will set up pre-paid and corporate debit accounts and acquire GASOPLUS-branded cards from FleetOne de Mexico to allow members to charge purchases at stations. Gas stations will also issue pre-paid cards to general consumers that can be re-loaded at the stations. As an added benefit, customers will be rewarded for gasoline purchases by earning loyalty points for travel with American Airlines. And, as the program migrates to chip cards from magnetic stripe, other applications will be added, including loyalty programs from specific gas stations. FleetOne de Mexico, a wholly-owned Mexican subsidiary of The Williams Companies Inc. [NYSE:WMB - news], is an energy and high technology manufacturer, with more than 90 years of existence internationally. It was formed to provide products and services to vehicle users at a national level. ONEXPO is an association of approximately 2,500 gas stations in Mexico. VeriFone, Inc., a wholly owned subsidiary of Hewlett-Packard Company [NYSE:HWP - news], is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million electronic payment systems, which are used in over 100 countries. Note to Editors: VeriFone, the VeriFone logo and OMNI are either registered trademarks or trademarks of VeriFone, Inc., in the U.S. and/or other countries. All other company names, brands or products may be trademarks or registered trademarks of their respective owners.