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Press releases

Petroleum Card Services expands partnership with Colorado Wyoming Petroleum Marketers Association

Feb 03, 2022

Paysafe’s specialized petro payments provider signs endorsement with regional trade association aimed at strengthening member support          

Houston, Texas – Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced that Petroleum Card Services (“PCS”), its payment processing solutions provider for U.S. gas stations and convenience stores (C-stores), has expanded its partnership with the Colorado Wyoming Petroleum Marketers Association (CWPMA), the trade association representing independent fuel distributors and grocers in the states of Colorado and Wyoming. Under the expanded partnership, PCS has become CWPMA’s preferred payment processor.

The new endorsement sees PCS leverage its expertise as a leading source of payment processing solutions for the independent, unbranded gas station market to provide CWPMA members with exclusive pricing on business solutions and dedicated member support.  

PCS also serves to support CWPMA, which was established in 1934, in its core mission of better representing independent petroleum marketers by partnering with communities as well as state and federal regulators to promote legislative and regulatory action across Colorado and Wyoming.

As a longstanding partner of the CWPMA, PCS will provide association members with exclusive access to special pricing programs and tailored offerings suited to support their day-to-day business needs. Members will be able to take advantage of a wide range of cost-saving benefits, including a rebate program to assist in upgrading payment terminals and POS systems for EMV compliance, discounts on payment processing solutions, and various fraud prevention tools.

Through the expanded partnership, PCS also seeks to further the association’s educational mission by providing collaborative support on trade-driven events, seminars, workshops, and interactive sessions with industry experts. Understanding the challenges that merchants face amid the pandemic’s enduring influence, PCS will work with the association to foster a deeper understanding of market trends and regulatory policies in aim of educating members on how to best navigate the various changes impacting the petroleum space.  

Lori Griboski, VP, Petroleum Sales at Paysafe’s Petroleum Card Services, said: “PCS has been a dedicated and active member of CWPMA for over a decade and it’s an honor to see this relationship deepen. We truly look forward to working together more closely and leveraging our accumulated expertise to provide a trusted, transparent, and knowledgeable partnership to CWPMA members.”  

Grier Bailey, Executive Director at Colorado Wyoming Petroleum Marketers Association, commented: “CWPMA takes the endorsement of programs for our membership very seriously. The Board of Director’s entered this partnership because of the extraordinary effort and due diligence that PCS has demonstrated, and we encourage all of our members to give this program a good look as a benefit to their operations."

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About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $100 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com

About Petroleum Card Services (PCS)
Founded in 1999, Petroleum Card Services (PCS) provides solutions for thousands of direct customers and hundreds of resellers and referral partners. PCS is one of the largest re-marketers of Fiserv’s Bypass network in the U.S., leveraging years of experience in petroleum processing, they specialize in, but not limited to, working with independent owners of unbranded gas stations and/or convenience stores. Acquired by iPayment, Inc. in 2005, which was in turn acquired by Paysafe in 2018, PCS operates as an independent business unit from its headquarters location in Minden, Nevada.

About Colorado Wyoming Petroleum Marketers Association (CWPMA)
The Colorado Wyoming Petroleum Marketers Association (CWPMA) has been the united voice of petroleum marketers since 1934. The Association represents the independent petroleum marketers in the wholesale and retail business of gasoline, special fuels and lubricants. Petroleum marketers are made up of locally owned, generational businesses that through branding agreements and supply contracts are partners with gasoline refineries and producers. The Association includes C-store operators, independent grocers and affiliated partners.

For further information, please contact:
Kandice Satterfield, Communications Specialist, North America, Paysafe
T: +1 346 379-0280; E: Kandice.Satterfield@paysafe.com