Kyrus Corporation Announces Fuel Path: An Integrated Fuel Pump Solution
22 March 2000
Kyrus Corporation Announces Fuel Path: An Integrated Fuel Pump SolutionTAYLORS, S.C., March 21 Kyrus Corporation announced today the development of Fuel Path, an integrated fuel pump solution for the supermarket, mass merchandiser and wholesale club market segments, known collectively in the fuel industry as 'hypermarkets.' The solution essentially provides these markets with opportunities to expand into petroleum retailing and offer convenience products at the fuel pump point of sale. "This solution allows Kyrus the ability to offer best-of-breed POS and fuel pump technology in an integrated solution," says Roger McCain of Kyrus Corporation. "One of the major business reasons why Fuel Path was developed lies in the fact that supermarket retailers have lost market share to convenience stores and restaurants," adds McCain. "The research has shown the most attractive market penetration point for Fuel Path to be in grocery supermarkets and mass merchandisers with a convenience store product or fuel strategy. This solution, with its seamless point of entry for fuel sales in a retail environment, successfully addresses a real need in the industry." Fuel Path offers JGUI, touch-screen technology at the fuel pump or the convenience store point of sale. The transaction data connects seamlessly to the customer's IBM 4690 POS and the IBM Supermarket Application V2 platforms. Fuel Path offers advanced transaction processing and extends existing customer loyalty programs to the stand-alone fuel island. Programs such as electronic coupons, points and discounts that apply in the store can now apply to the fuel or c-store operation. Other end-user payment options include pay at the pump by credit or debit card, pay inside while grocery shopping and purchase a car wash at the pump (provided availability of a compatible car wash on site.) The system also generates a printed fuel/convenience product receipt for the end-user. Kyrus Corporation has customer installations in all 50 states and in several countries. The company serves the supermarket, retail, convenience, hospitality and school food service (K-12) industries. Kyrus offers a complete range of products and services, including hardware/software maintenance, professional and consulting services, and has separate business units dedicated to store security, store signage and store supplies. Kyrus maintains a nationwide dealer network which services supermarket and retail chains with 30 or fewer stores as well as the school food service segment (K- 12). Founded in 1974, Kyrus is headquartered in Taylors, SC, and employs more than 525 people nationwide. Kyrus is IBM Corporation's largest provider of POS systems and maintains the prestigious title of IBM's premiere Partner, a Premier Solution Provider and an IBM Netfinity Distributor. Kyrus is also the recipient of back-to-back IBM Business Partner Leadership Awards for its accomplishments in 1997 and 1998.