Monday , 18 December 2017
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P97 Networks and Buy It Mobility Networks (BIM) to Implement Branded ACH Mobile Payments at Phillips 66®, Conoco … – Business Wire (press release)

P97 Networks and Buy It Mobility Networks (BIM) to Implement Branded ACH Mobile Payments at Phillips 66®, Conoco … – Business Wire (press release)

HOUSTON–(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.

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