A Datamonitor Report Case Profile: Innovations in Forecourt Payment Solutions timely Reacting to the latest news breaking in your industry focused Publication Date: Jun-04 Product Code: DMEN0308 Hundreds of hours of analyst time distilled into a few pages Globally, around 30% of forecourt sites offer automated payment, and in certain markets over 90% of sites operate at least one Outdoor Payment Terminal (OPT). This case profile examines the existing automated payment options available, and compares them to new alternatives such as mobile and wireless payment, making an assessment of the main providers offering each solution and insight into the potential of new innovations for fuel retailers. primary research Unique survey data and interview results thought-provoking For details of all Datamonitor reports, go to: www.datamonitor.com/energy Fresh opinions and out-of-the-box thinking timely Case Profile: Innovations in Forecourt Payment Solutions DMEN0308 Reacting to the latest news breaking in your industry Scope and coverage • Qualitative in-depth interviews with 12 executives from fuel retailing, convenience retailing and forecourt payment solution providers • Assessment of the innovative payment solutions currently available, and those currently on trial, examinating the strengths and weaknesses of each • Insight into the major providers of automated payment systems, understanding how they operate within the forecourt environment • Analysis of how both providers and fuel retailers can overcome the barriers to increased usage of new forecourt technology Key findings and highlights • In certain markets, automated payment through OPT has the potential to increase fuel throughput by up to 25%, with little impact on the convenience store, as the target customer is different. OPT allows space to be ‘freed up’ in the store and cuts queuing times. • ExxonMobil has led the way in using automated payment systems on the forecourt. Working with the most renowned companies, it has been particularly successful at implementing the technology and adapting the offering to meet the needs of each market. • A combination of factors, including banks refusing to accept wireless payment; safety fears; high initial investment; and significant operating costs, have made companies hesitant to consider Wi-Fi and mobile payment on the forecourt. Until the major barriers are overcome, these payment options are not viable options for forecourt retailers. Reasons to purchase • Identify the strengths and weaknesses of automated payment solutions on offer and how they can be adapted to meet the needs of your business • Understand which providers offer each payment option and how they have worked with major fuel and convenience retailers so far • Assess the potential for new innovations currently being trailed, considering the opportunities for your company in the short-, medium- and long-term Contact us... From Europe: tel: From Germany: tel: From the US: tel: From Asia-Pacific: tel: +44 20 7675 7202 +49 69 9750 3119 +1 212 686 7400 +61 2 9006 1526 fax: fax: fax: fax: +44 20 7675 7016 +49 69 9750 3320 +1 212 686 2626 +61 2 9006 1559 email: email: email: email: ensales@datamonitor.com deinfo@datamonitor.com usinfo@datamonitor.com apinfo@datamonitor.com focused Case Profile: Innovations in Forecourt Payment Solutions DMEN0308 Hundreds of hours of analyst time distilled into a few pages Table of contents • APPENDIX INTRODUCTION • What is this report about? - Definitions • Who is the target reader? - Research methodology - Further reading INNOVATIVE PAYMENT OPTIONS: AN ASSESSMENT - SPP writing team • Introduction • Key findings List of Figures • Outdoor payment Figure 1: Motives for investing in outdoor payment Figure 2: An assessment of current and potential facilities • An assessment of current and potential payment solutions payment solutions • Outdoor automated payment solutions - Pay-at-the-pump (Integrated payment terminal) Figure 3: Main strengths of pay-at-the-pump - Standalone outdoor payment terminals (OPTs) Figure 4: Main weaknesses of pay-at-the-pump - RFID Transponders (tags) Figure 5: Main strengths of standalone outdoor payment terminals • Alternative automated payment solutions Figure 6: Main weaknesses of standalone outdoor Figure 7: Main strengths of RFID Transponders (Tags) • Conclusions Figure 8: Main weaknesses of RFID Transponders COMPETITOR DYNAMICS Figure 9: Main strengths of in-store self-checkout • Introduction Figure 10: Main weaknesses of in-store self-checkout • Key findings Figure 11: Main strengths of mobile payment • Competitor identification Figure 12: Main weaknesses of mobile payment • Examples of partnerships Figure 13: Main strengths of wireless payment - In-store self check-out/fastlane payment terminals - Mobile payment - Wireless Payment (Tags) - Exxon working with Dresser Wayne Figure 14: Main weaknesses of wireless payment - Statoil working with NCR Figure 15: Competitor identification - BP working with KPN Mobile and Nedap - Shell working with Thales - ChevronTexaco working with Wincor Nixdorf • Profiles of major operators - Gilbarco Veeder-Root - Dresser Wayne - Tokheim - NCR • Conclusions Contact us... From Europe: tel: From Germany: tel: From the US: tel: From Asia-Pacific: tel: +44 20 7675 7202 +49 69 9750 3119 +1 212 686 7400 +61 2 9006 1526 fax: fax: fax: fax: +44 20 7675 7016 +49 69 9750 3320 +1 212 686 2626 +61 2 9006 1559 email: email: email: email: ensales@datamonitor.com deinfo@datamonitor.com usinfo@datamonitor.com apinfo@datamonitor.com thought-provoking Case Profile: Innovations in Forecourt Payment Solutions DMEN0308 Fresh opinions and out-of-the-box thinking Datamonitor: Your total information solution Datamonitor is a premium business information company helping 5,000 of the world's leading companies across the Automotive, Consumer Markets, Energy, Financial Services, Healthcare and Technology sectors. Our products and services are specifically designed to support our clients’ key business processes - from corporate strategy to competitive intelligence. 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