Patriot Capital’s Santy Speaks about Creating Competitive Advantage for Jobbers at BTL Share Group CFO Conference
Santy Speaks about Creating Competitive Advantage for Jobbers at BTL Share Group CFO Conference
Atlanta GA.- Chris Santy, President, Patriot Capital, will speak at the Below the Line Club (BTL) CFO’s meeting in Kansas City, Kansas on October 28, 2014. Representing a cross section of CFO’s from the convenience store and oil jobber communities across the United States, the BTL club provides education on fueling operations, gas station equipment and industry best practices.
Santy’s presentation will provide insights into the opportunities created by the upcoming EMV upgrades for both in-store POS (point of sale) and outside payments terminals (OPT’s), including gas pumps and car wash payment kiosks.
“Fuel jobbers and dealers, for both major oil brands and independents, have opportunities to gain competitive advantage during the EMV upgrade cycle.”
Chris Santy, President, Patriot Capital stated.
Santy’s insights will include discussion about the risks of breach that gas pumps will have once all internal POS terminals have upgraded to Chip and Pin, how share group members are using the upgrade cycle as an opportunity to enhance relationships with their fueling dealers, and the trade-offs of various forms of leasing and financing for gas pumps and other fueling equipment.
The EMV deadlines that are driving upgrades for convenience store owners are:
- October, 2015, liability will shift to acquirers for domestic and cross-border counterfeit fraud card-present POS transactions if the merchant does not have an EMV-enabled POS device in use inside their C-Store.
- October, 2017, liability shift takes effect for transactions generated from automated fuel dispensers (AFD’s).