DOWNERS GROVE, Ill.,
April 13, 2021 /PRNewswire/
-- Dover Fueling Solutions ("DFS"), a part of
Dover (NYSE: DOV) and a leading global provider of advanced
customer-focused technologies, services and solutions in the fuel
and convenience retail industries, today announced the launch of
OPW Fuel Management Systems' Petro Vend® 300E (PV300E)
fuel island terminal, the industry's first
EMV®-compliant island payment terminal for fleets in the
U.S. that delivers secure, accurate and reliable fuel tracking for
24-hour unattended fueling operations.
![(PRNewsfoto/Dover) (PRNewsfoto/Dover)](https://mma.prnewswire.com/media/717019/Dover_Logo.jpg)
On April 16, 2021, the liability
for payment fraud at the pump will shift to fuel retailers. An
important strategy to help protect businesses from these expensive
chargebacks will be to convert all magstripe systems to the EMV
standard. The PV300E offers secure EMV processing direct from the
terminal and is built to handle today's EMV chip cards, as well as
older magstripe cards. For maximum payment flexibility, the PV300E
also includes Tap-n-Pay options for contactless cards and ApplePay
/ Google Wallet transactions.
"We are excited to introduce the industry's first EMV-compliant
payment terminal for fueling operations of any size in the U.S.
market," said Michael Boyd, Director
of Product Management – Fleet Solutions, Dover Fueling Solutions.
"The PV300E terminal and related EMV solutions from our Petro Vend
family of fuel control solutions will not only protect our
customer's fuel assets but create operational efficiencies by
helping eliminate the risk exposure or potential liability for
chargebacks, streamlining their business and improving the bottom
line. With the PV300E, owners and operators will have increased
security, convenience and peace of mind."
With the addition of the PV300E to its robust portfolio of
EMV-ready offerings, Dover Fueling Solutions remains committed to
supporting its customers and partners in the industry-wide
transition to EMV.
For more information, please visit
www.doverfuelingsolutions.com/fleetproducts.
About Dover Fueling Solutions:
Dover Fueling Solutions ("DFS"), part of Dover Corporation,
comprises the product brands of ClearView, Fairbanks, OPW Fuel
Management Systems, ProGauge, Tokheim, and Wayne Fueling Systems,
and delivers advanced fuel dispensing equipment, electronic systems
and payment, automatic tank gauging and wetstock management
solutions to customers worldwide. Headquartered in Austin, Texas, DFS has a significant
manufacturing presence around the world, including facilities in
Brazil, China, India,
Italy, Poland, United
Kingdom and the United
States. For more information about DFS, visit
www.doverfuelingsolutions.com.
About Dover:
Dover is a diversified global manufacturer and solutions
provider with annual revenue of approximately $7 billion. We deliver innovative equipment and
components, consumable supplies, aftermarket parts, software and
digital solutions, and support services through five operating
segments: Engineered Products, Fueling Solutions, Imaging &
Identification, Pumps & Process Solutions and Refrigeration
& Food Equipment. Dover combines global scale, operational
agility, world-class engineering capability and customer intimacy
to lead the markets we serve. Recognized for our entrepreneurial
approach for over 60 years, our team of approximately 24,000
employees takes an ownership mindset, collaborating with customers
to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the
New York Stock Exchange under "DOV." Additional information is
available at dovercorporation.com.
Dover Fueling Solutions Contact:
Jocelyn Sexton
(737) 529-6345
jocelyn.sexton@doverfs.com
Dover Media Contact:
Adrian Sakowicz, VP,
Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Andrey Galiuk, VP, Corporate
Development and Investor Relations
(630) 743-5131
agaliuk@dovercorp.com
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SOURCE Dover