Payment Methods

ExxonMobil’s Speedpass+ App Gets Samsung Pay

ExxonMobil announced Tuesday (March 14) that it now supports Samsung Pay as a method of payment through the Speedpass+ mobile payment app. In a press release, ExxonMobil said that with the addition of Samsung Pay, consumers have an easy and secure way to purchase Synergy fuel and car washes with Samsung-compatible Galaxy devices.

“Increasing the mobile payment options allow us to provide our consumers with a faster, more convenient experience at the pump,” said Rob Wollard, America’s retail fuels marketing manager for ExxonMobil Fuels, Lubricants & Specialties Marketing Company, in the press release. “We are proud to be the first major fuel retailer to offer Samsung Pay at the pump.”

In order for Samsung Pay to work with Speedpass+, consumers have to link their Samsung Pay account to their Speedpass+ app and select Samsung Pay as the desired payment method. From there, they can purchase fuel across more than 9,600 Exxon and Mobil retail stations that are Speedpass+-enabled.

In addition to making it easy to pay for fuel and car washes, Samsung Pay transactions are secure because they are authorized via a unique, one-time-use token, not a card number. The customers’ card number isn’t shared with merchants or stored on a Samsung device. Consumers can also “double dip” on their rewards programs, earning points with Samsung Rewards and Plenti loyalty points with the same transaction, ExxonMobil said in the release.

In a subsequent interview with PYMNTS, Bryant Russell, ExxonMobil America’s program manager for mobile payment and loyalty, said the move to accept Samsung Pay was driven in part by Samsung Pay’s “loyal based of consumers and users” who are interested in using mobile as a payment method.

“By combining the convenience of the Samsung Pay wallet with the enhanced utility and value within Speedpass+, we’ve created a real rewarding experience for consumers and our branded wholesalers,” Russell said.

As for the impact the shift to EMV cards will have on Speedpass+, the executive said it will only serve to help people move more toward the speed and convenience of services like Speedpass+. “The app is already faster than using a credit card. The app recalls details about the retail site (store location, pump numbers, car wash package names and prices), so there’s no typing and extra steps. The app also remembers your preferences (default payment method, Plenti card information, receipt preference) to save you time and extra steps. Speedpass+ certainly presents a more streamlined experience,” he said.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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