March 24, 2017 1:43 PM ET

Internet Software and Services

Company Overview of P97 Networks, Inc.

Company Overview

P97 Networks, Inc. develops PetroZone, a cloud based mobile commerce and behavioral marketing platform for the convenience and fuel retailing industry. The company’s solution enables consumers to have better mobile shopping experiences, options for lower fuel prices, and opt-in personalized digital offers for in-store purchase. Its platform connects consumers with retail fueling merchants and convenience stores across a broad partner ecosystem, including oil company payment networks, merchants, consumer package good companies, automotive companies, and banks. P97 Networks, Inc. has strategic partnerships with Microsoft, SAP, Dell, MasterCard, and Intel. The company was founded in 2012 and is...

10333 Richmond Avenue

Suite 250

Houston, TX 77042

United States

Founded in 2012

Phone:

713-588-4200

Key Executives for P97 Networks, Inc.

Chief Executive Officer and President
Vice President
Compensation as of Fiscal Year 2016.

P97 Networks, Inc. Key Developments

To Go Stores Selects P97 to Transform Puerto Rican Pay at the Pump Experience

To Go Stores has selected P97 Networks’ PetroZone® Mobile Commerce and Digital Marketing Platform to enable mobile payments at the pump and for in-store mobile transactions. The platform will be deployed across all 33 stores by the end of the year. Included in the deployment is PetroZone’s Contextual Commerce Engine that enables To Go Stores’ white labeled branded app to provide mobile fuel discounts and dynamically provide their consumers with personalized digital offers to drive more in-store sales. The mobile deployment will take full advantage of P97’s strategic partner Verifone’s, new Commander Electronic Payment Server/Forecourt Controllers, which are being installed at all sites to ensure the in-store Point of Sale systems are EMV compliant and enabled with the Conexxus mobile standard. Rapid and secure mobile account authentication is supported by Microsoft’s Azure B2C and payment accounts are enabled instantly with the PetroZone integration by Automated Clearing House (ACH) provider BIM (Buy It Mobility).

P97 Networks, Inc and Chase Enable Mobile Payments for Retail Fuel and Convenient Stores

Following partnership announcement at Money 2020 between MCX and Chase Pay, P97 Networks, Inc. announced that they will launch a program to enable mobile commerce with Chase Pay to pay at the pump and make in-store purchases with their smart phones. With the combination of P97’s PetroZone® mobile commerce platform and Chase Pay the companies to deliver more payment options to consumers at the pump. Chase’s strategic partnership with P97 will allow Chase Pay to seamlessly integrate with retail site systems through P97’s PetroZone® Mobile Commerce Platform, including mobile payment capabilities, digital marketing, loyalty programs, and customer reward systems. As the payments industry increasingly shifts from plastic to digital, Chase is leveraging new partnerships and technology to advance the consumer digital experience. With P97’s PetroZone® mobile commerce platform integrated to existing gas station infrastructure, Chase customers will be able to search for and navigate to the nearest gas station, make mobile payments at the pump and pay for merchandise with their mobile phones.

MasterCard and P97 Drive Mobile Payments Innovation at Gas Stations and Convenience Stores

MasterCard announced a global partnership with P97 to make it easier for consumers to find, buy and save on gasoline and convenience store purchases through their mobile phones. The MasterCard fuel solution will leverage a wide range of MasterCard's marketing and technical assets, and will utilize P97's PetroZone® mobile commerce platform to integrate to existing gas station infrastructure. The new solution will enable fuel companies to develop innovative mobile apps for consumers to search for and navigate to the nearest or preferred gas station, make fast and simple mobile payments at the pump and convenience store, and receive personalized offers for in-store purchases.

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