Paying at the petrol pump

Woolworths have given an exclusive dealing notification to the ACCC relating to its proposal to give exclusive rights to its proposed "pay at the pump" facility at Caltex stations to its HSBC supported Woolworths Everyday Money Credit Card. Customers paying with other cards will need to pay inside at the register.

The rest of the financial industry objects but it is interesting to note this Computerworld story that from 1 January 2009 Visa requires US gas retailers to ensure that all new pumps capable of processing debit card purchases are equipped with an encrypting PIN pad, or EPP, that supports Triple DES.

Gas station owners have until July 1, 2010, to ensure that all of their existing pumps are upgraded to support Triple DES.

Perhaps all Australian petrol retailers will have Visa supporting pay at the pump facilities soon.

More…see Core Economics

UPDATE 30 January: The Australian Competition and Consumer Commission has issued a draft notice opposing Woolworths' and Australian Independent Retailers' proposal to restrict payment options at their new pay at pump facility.  Here

On the other hand, the Australian Competition and Consumer Commission has decided not to oppose Stadium Australia's proposal to offer contactless payment services at ANZ Stadium to holders of a Visa payWave contactless card, on the grounds that it is in the public interest: here

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