No Cash? No Card? No Problem! New Speedpass Features Allow Stop & Shop Customers to Pay and Save All in One

February 12, 2003 at 3:23 PM EST
IRVING, Texas, Feb 12, 2003 (BUSINESS WIRE) -- Stop & Shop and Speedpass Network have joined forces to offer the newest generation of Speedpass(TM) in three Greater Boston Stop & Shop supermarkets.

Shoppers are now able to use Speedpass -- the same little black wand that Exxon and Mobil stations and McDonald's restaurants in the Chicago area accept for fast, automatic payments. Stop & Shop is the first supermarket chain to accept Speedpass and its new features. These features allow customers to 1) link to the store's membership card, 2) link to a personal checking account, 3) instantly enroll for a free Speedpass device onsite, and 4) manage their Speedpass account online. These new enhancements help get customers in and out fast and provide a new level of convenience for Stop & Shop customers.

With one simple wave of the Speedpass device, Stop & Shop customers can now check out and get the store's card savings instead of swiping both credit and membership cards. For those who prefer paying by check or debit card, Stop & Shop customers can now link their checking account to their Speedpass with the added security of requiring customers to enter a PIN. Speedpass customers will continue to have the ability to link their credit or check card to their device.

To make getting a Speedpass even easier, Stop & Shop customers can now enroll and get a device on the spot. Enrollment takes less than five minutes and customers can instantly use their new Speedpass in the store. There is also a new "My Account" feature at www.speedpass.com that enables customers to manage their account online, view their Speedpass purchases, change their payment method and soon take advantage of additional store savings and promotions.

"We are committed to enhancing customer service by offering greater convenience," commented Barry Berman, executive vice president of Procurement and Marketing at Stop & Shop. "We believe that Speedpass will be able to expedite our customers' check-out process and make their shopping experience even more convenient."

"We continue to deliver on what Speedpass customers tell us they want," stated Mike Goldberg, President of Speedpass Network, a venture of ExxonMobil. "Speedpass Network is the first contact-less payment system to offer such a multitude of features -- from checking to onsite fulfillment to online account management."

The three participating Greater Boston Stop & Shop's stores are located at 235 Old Connecticut Path in Framingham; 19 Temple St. in Framingham; and Rte. 9 in Natick.

The Stop & Shop Supermarket Company operates 334 stores in Massachusetts, Rhode Island, Connecticut, New York and New Jersey and employs more than 57,000 associates.

Editor's Note: Photos available upon request. 

CONTACT:          ExxonMobil
                  Jeanne Miller, 703/846-4467
                  or
                  Stop & Shop  
                  Rick Stockwood, 617/770-6022

URL:              http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2003 Business Wire.  All rights reserved.
Close