P97 Networks, Buy It Mobility to launch ACH mobile payments at Phillips 66
P97 Networks and Buy It Mobility Networks have struck a deal with customer Phillips 66 to provide ACH-based payment and consumer engagement services at Phillips 66, Conoco and 76 branded locations, according to a press release.
The program will rely on Buy It Mobility'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 supposedly better way to link their checking account to Phillips 66's mobile-payment offering.
Phillips 66's mobile branded debit program will now operate via Buy It Mobility's white-label ACH platform, which is meant to enable 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 Buy It Mobility CEO Adam Frisch in the release. "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."