Gilbarco Veeder-Root, a global provider of fuel dispensing equipment, has teamed-up with Ingenico, a leader in secure payment and transaction solutions, to set up payment solutions for petroleum retailers worldwide.

The companies will jointly develop and deliver integrated indoor and outdoor payment technologies that automate petroleum retail sites, with a high level of security, ease of use and convenience.

The company’s developments will lead to a single global development platform and solution to address the requirements of multiple markets, countries and standards and will include unsurpassed EMV/chip and PIN solutions.

The two companies combined represent the largest installed base of indoor and outdoor payment terminals in fuel sites.

Ingenico’s technology and expertise will allow Gilbarco Veeder-Root to deliver seamless payment solutions that extend the general retail environment to the convenience store and the forecourt, said Kirsten Paust, global vice president for retail solutions for Gilbarco Veeder-Root.