Gilbarco Encore S and Encore 300 dispensers are now available with FlexPay Encrypting PIN Pads (EPP) factory-installed, the company said.
The FlexPay pin pads are PCI EPP-approved and enable retailers to process Triple-Data Encryption Standard (TDES) debit transactions at the pump. Visa requires U.S. retailers who accept debit to comply with Payment Card Industry (PCI) standards and have encrypting PIN Pads installed at the pump by July 2010 to avoid costly penalties.
“Retailers who purchase new dispensers with the FlexPay Encrypting PIN Pads factory-installed save the most money and may qualify for additional tax benefits,” said Scott McDowell, Gilbarco’s marketing manager for North American payment products. “First, they save about $400 per dispenser ($2000 per site) by avoiding the cost of retrofitting the devices in the field later. In addition, retailers who purchase and install new dispensers in 2008 may be able to take advantage of IRS Section 179 and Bonus Depreciation tax benefits. Gilbarco and leasing partner Patriot Capital have recently launched a program to help make this affordable by deferring payments until 2009.”
Retailers who have a large installed base of dispensers to retrofit for PCI compliance can add Gilbarco’s FlexPay Encrypting PIN Pads in the field.
`“The Gilbarco solution was easy to install and has worked well,” said Paul L. Separk, vice president of operations for MM Fowler, Inc. / Family Fare C-Stores. “Keeping the regulatory approvals, warranty and service providers for the dispensers in place is important to us. We want our customers to continue to be able to use debit at the dispensers and find this a cost-effective way for us to do so.”
The company installed the Gilbarco FlexPay Encrypting PIN Pads at their Coliseum Shell station in Greensboro, N.C. The Durham, N.C.-based company is one of the largest independent gasoline and convenience store operations in North Carolina.
“Gilbarco’s modular approach saves the average retailer with five dispensers an estimated $15,000 per site compared to CRIND replacement,” McDowell said. “There is no reason for a retailer to contemplate replacing the entire CRIND to meet PCI compliance.”