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Paysafe’s Petroleum Card Services Renews Endorsement with California Fuels and Convenience Alliance
Aug 24, 2021
Endorsement builds on long-standing partnership with California trade association to drive member engagement
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 renewed its endorsement with the California Fuels and Convenience Alliance (CFCA) as the trade association’s preferred payments processor for a third consecutive year. The endorsement sees PCS leverage its expertise as the leading payment processing provider in the American independent unbranded gas station market to foster deeper engagement with CFCA members.
Originally founded in 1952, CFCA represents a vast range of small businesses in the petroleum and convenience store space and seeks to connect its members with industry professionals and partnering vendors, largely through interactive events and education sessions. PCS will work with the association to provide collaborative support and sponsorship of trade-driven events while ensuring current members have access to an exclusive pricing program that offers a special discount on payment processing solutions.
After being cancelled in 2020, CFCA’s annual three-day Pacific Fuels and Convenience Summit is this year set to return to offer attendees and vendors within the industry the opportunity to network and collaborate in-person. PCS will host a 30-minute education session on the tradeshow floor reflecting on April’s EMV liability shift, equipment upgrades, chargebacks, and accelerating growth as the industry continues to navigate regulatory changes alongside the pandemic’s enduring influence.
Lori Griboski, VP, Petroleum Sales at Paysafe’s Petroleum Card Services, said: “The renewed endorsement and expansion of our relationship with CFCA is rooted in a shared commitment to accelerating the industry and empowering small businesses within the petro space. We are confident the combination of our collective expertise and support will provide value for many years to come and are thrilled to continue this rewarding partnership with the alliance and its members.”
Amber Palmer, Events Manager at California Fuels and Convenience Alliance, commented: “We are delighted to announce the continuation of our partnership with PCS. The vast majority of the members are small, family-owned businesses and it is imperative that we partner with brands that fully understand the needs and challenges of our industry. CFCA’s continued partnership with PCS is a direct reflection of this and we look forward to continued success and collaboration.”
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 $92 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 First Data’s Buypass network in the U.S., leveraging years of experience in petroleum processing, they specialize in 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 California Fuels and Convenience Alliance (CFCA)
Founded in 1952 as the California Independent Oil Marketers Association (CIOMA), now the California Fuels & Convenience Alliance (CFCA), CFCA is the industry's statewide trade association representing the needs of independent wholesale and retail marketers of gasoline, diesel, lubricating oils and other petroleum products; transporters of those products; and retail convenience store operators. The vast majority of our members are small business owners, with many of them being family-owned businesses passed down from one generation to the next.
For further information, please contact:
Kandice Satterfield, Communications Specialist, North America, Paysafe