See The Latest Patriot Capital Financing Programs for Gasboy, Veeder-Root, Red Jacket & HydrX

By BlogAdmin August 22, 2022 Corrosion Protection, DEF, Financing, Fuel Conditioning, Fuel Management, Fuel Polishing, Products, Pumps & Dispensing, Submersible Turbine Pumps (STP's), Tank Monitoring

Check Out The Latest Financing Programs From Patriot Capital!

Exclusive Gasboy Prime Program

Get great rates and low payments!

Now through September 30, 2022, Patriot Capital is offering an exclusive financing program for Gasboy Islander Prime and Atlas Prime equipment.

Benefits of financing with Patriot Capital include:

100% Project Financing
Deferred Payment Plan
Fixed Payments, Competitive Rates
Upgrade Multiple Sites At Once

All packages include EKOS and the fuel site module. Click here to see brochure for details and feel free to contact us today at 1.800.451.4021 or email us for more details.

Bundle Financing Program

Use Promo Code
PC2022

Now through September 30, 2022, Patriot Capital is offering a bundle financing program for select Veeder Root ATG, HydrX and Red Jacket equipment.

Eligible Products

- The TLS-450PLUS and TLS4 Series Automatic Tank Gauges (ATGs) with available factory installed options, and probes and sensor product necessary for compliant installation except as listed below
- HydrX Fuel Conditioning System
- Red Jacket Submersible Turbine Pumps (STPs), including The Red Jacket, The Red Jacket AG, Red Armor®, Maxxum®, and CoreDEF™

Ineligible Products
- TLS-350 Series ATGs, parts, and accessories
- Mag Flex Tall Tank Probes and accessories
- Carbon Canisters
- Spare or replacement parts
- Installation, shipping, and other costs are not included in the equipment financing program

Financing Options

- Get 3.9% for 60 months on ATGs or HydrX financed alone.
- Get 2.9% for up to 60 months when bundling ATGs and HydrX.
- Get 1.9% for up to 60 months when bundling ATGs, HydrX and Red Jacket STPs.
- For any questions on this financing program, contact us at 1.800.451.4021 or email us

Click here to see pages 3 – 6 of the program brochure for eligible part numbers.

Click on the logos below to find their products in our web store:

And remember, if you can’t find what you are looking for, please feel free to contact us at 1.800.451.4021 or Email Us!!

The John W. Kennedy Company appreciates your business and continued support!

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Jump-Start Your C-Store Self-Checkout with Gilbarco Veeder-Root’s Passport Express Lane Financing Deal

By BlogAdmin October 26, 2021 Financing, Notifications, Payment Processing & Technology, POS Systems & Fuel Controllers, Products

0% Financing For 12 Months!

It’s been two weeks since the 2021 NACS Show and we’re still feeling the excitement around Gilbarco Veeder-Root’s Express Lane Self-Checkout System.
With the overwhelmingly positive response seen at NACS, an incredible deal has been put together to help more of you start your self-checkout strategy.

With the support of Patriot Capital and Gilbarco Veeder-Root, take advantage of limited-time 0% financing for 12 months to qualifying business owners who purchase Express Lane.

DO THE MATH

Self-checkout has been proven to combat labor shortages and mitigate labor cost savings when implemented for just two hours a day.

Express Lane is a solution that pays for itself. Here’s a quick rundown:

GET STARTED

With this limited financing deal, you no longer have to worry about the upfront financial investment, so you can start focusing on the exciting part – implementation plans.

Want to take your C-Store to the next level?

Here’s a quick best practices guide for new users.

While you’re at it, watch how these retailers are using Express Lane Self-Checkout to raise the bar on customer experience AND employee engagement.

Looking for Gilbarco equipment? Click on the links below to visit our web store :

Pumps & Dispensers

Passport Point of Sale

Forecourt Payment Options

Forecourt Merchandising

Click here to search all Gilbarco equipment and parts listed in our web store.

Feel free to contact us at please call us at 1.800.238.1225 or Email Us with any further questions or to place an order!

The John W. Kennedy Company appreciates your business and continued support!

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Gilbarco Updates: CRIND Printer Update & EMV Myths Debunked

By BlogAdmin May 18, 2021 EMV, Financing, Important Bulletins, Payment Processing & Technology, Product Support, Service Bulletins

CRIND Printer Mounting Changed from Slide Mount to Hinged Door

Related Equipment:

Encore^® 700S
Encore^® S/ECIM

Details:

Effective with May 2021 production of Encore S & 700S, Gilbarco will be shipping the CRIND printer mounted on a bottom hinged printer door. The printer will no longer ship installed on its current slide mount inside the dispenser.

When the printer door is opened the printer will be readily accessible on the printer door. Please note, the printer, printer head and orientation have not changed. It is the same printer; only mounting method has changed.

Some configurations of Encore, such as units with upper bezel security door switches, will not immediately ship with this new printer arrangement. These will transition to the new design later in 2021.

Before

After

6 Myths DEBUNKED About Outdoor EMV Upgrades

For those who haven’t upgraded, we hear a variety of reasons for the delay. Our expert EMV team is here to debunk the myths and spread the truth.

Myth #1: EMV is just too expensive and I can’t justify the cost.

The Facts: Upgrading a site to enable EMV is an investment in your store; but not upgrading to EMV technology could result in potential chargebacks that exceed $201K per site over the next 7 years. This is much higher than the cost of upgrading a store to accept EMV at the pump.

Myth #2: I’ll wait until my site begins seeing chargebacks before I order equipment.

The Facts: On the surface this strategy sounds like it could make sense; but chargebacks typically take 30-45 days after the transaction occurs to show up on the store’s network reconciliation statement. That means that once you notice the first chargebacks, there are 4-6 weeks of transactions that have already been processed and it’s likely that the number of chargebacks will grow.

Myth #3: My store isn’t in a major metro area, so I don’t need to worry about criminals using counterfeit magstripe cards.

The Facts: The data is clear on the point that countries that have completed a similar migration to EMV shows that the fraud migrates to stores that are not able to accept EMV chip cards – including those in rural areas. The criminals WILL find you.

Myth #4: EMV doesn’t really reduce counterfeit card fraud – so why upgrade?

The Facts: Merchants who completed their EMV chip acceptance upgrades saw a reduction in counterfeit fraud by 76% per Visa.

Myth #5: EMV technology can’t prevent credit cards from being stolen by criminals that install skimming devices in the dispenser.

The Facts: Technically this is correct – EMV on its own doesn’t detect or prevent skimming from occurring. However, updating to newer payment electronics can provide additional benefits – such as local data encryption between the dispenser and Point of Sale. So a skimmer device inside a dispenser is less likely to be able to obtain sensitive cardholder data, and that means fewer angry customers blaming your store for not securing their credit/debit card.

Myth #6: If I begin to see chargebacks, I can just turn off card acceptance at the pump and it won’t impact my business.

The Facts: By the standards of today’s consumers, this is not an option. Some customers prefer to pay with cash or come inside to pay for fuel; but a majority of consumers pay at the pump because it’s convenient. This is why virtually every retail gas station today accepts card payment at the pump. Most stores that turn off this functionality will see a business impact in terms of fewer customers and reduced revenues.

Ready to upgrade? We can help you with financing.
View Financing Options

Looking for Gilbarco equipment? Click on the links below to visit our web store :

Pumps & Dispensers

Passport Point of Sale

Forecourt Payment Options

Forecourt Merchandising

Click here to search all Gilbarco equipment and parts listed in our web store.

Feel free to contact us at please call us at 1.800.238.1225 or Email Us with any further questions or to place an order!

The John W. Kennedy Company appreciates your business and continued support!

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If you’ve missed the EMV deadline, there’s still a way to get back on track.

By BlogAdmin April 30, 2021 EMV, Financing, Payment Processing & Technology, Products, Pumps & Dispensing

So You Missed the EMV Deadline, What Now?

At long last, the outdoor EMV deadline for the U.S. has passed, but that doesn’t mean the story is over yet.

From now on, chargebacks from fraud that occurs on unprotected forecourts are now the responsibility of the retailer, not the banks.

And despite multiple deadline delays, only half of fuel retailers (48 percent) have met the EMV compliance mandates by the April 17^th, according to a new survey.

The right side of the graphic above splits retailers into three categories, but it’s the 25% of retailers who are “unsure” when they’ll complete their EMV upgrades that present the greatest challenges.

With limits on manpower, equipment, and hardware, those who didn’t plan ahead will now have to wait in line.

What Can You Do While You Wait?

First, consider measures to limit the damage. Identify and prioritize sites that are in the areas most prone to fraud. Put those sites as close to the front of the line for upgrades as possible.

While not fool-proof, tamper-evident tape can help deter criminals, but experienced fraudsters know how to cover their tracks.

There are also fraud monitoring systems through Visa or other payment processers that send risky transactions inside the store to pay.

The most drastic option you can take is turning off your payment terminals at the fuel dispenser altogether, forcing customers to pay inside on EMV protected PIN pads. The problem here is that the loss in business from inconvenienced customers may cost more than the potential fraud.

Read about the potential losses that unprotected businesses should expect with the liability shift here.

The Bottom Line

Fraud liability has shifted, but the plan of action remains the same. If you haven’t started your upgrade process yet, contact us as soon as possible. We have financing options and EMV discounts available.

Does EMV currently have you behind the eight ball?

We are here to help with equipment and financing options!!

Feel free to call us at 1.800.451.4021 or email us using the link below:
EMAIL US

The John W. Kennedy Company appreciates your business and continued support!

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Millions in Federal Funding Now Available for Fuel Dispenser Upgrades!

By BlogAdmin July 9, 2020 EMV, Financing, General Information, Pumps & Dispensing

The following is a re-post of the original article by Gilbarco Veeder-Root that can be read here.

Considering getting into higher fuel blends of ethanol like E15 or E85? Make sure you’re taking advantage of the free money from the Higher Blends Infrastructure Incentive Program (HBIIP).

The U.S. Department of Agriculture is targeting businesses with 10 or fewer sites with the program to encourage more sales and use higher blends of ethanol and biodiesel blends.

E15, E85, and other high blends of ethanol must be stored in specialized compatible equipment. HBIIP funds are being made available to help ease the costs related to upgrading fuel dispensers (gas and diesel pumps) and attached equipment, underground storage tanks, and more.

The number and size of the HBIIP grants will depend on the successful number of applicants. The agency expects to give out about 150 awards, providing assistance to 1,500 locations.

Need help navigating clean fuels?

Here’s an article to help you decide which blends are right for your business.

Applications for HBIIP funds are being accepted now through August 13, 2020 11:59 p.m. ET.

You can find an extensive FAQ from the USDA here.

Click here to learn how to apply.

The new outdoor EMV deadline will be April 17, 2021. If you haven’t begun your outdoor EMV upgrade, we strongly suggest contacting us as soon as possible.

You can also find more information on EMV with Gilbarco Veeder-Root’s Quick EMV Migration Guide.

Looking for Gilbarco equipment? Click on the links below to visit our web store :

Pumps & Dispensers

Passport Point of Sale

Forecourt Payment Options

Forecourt Merchandising

Click here to search all Gilbarco equipment and parts listed in our web store.

Please do not hesitate to contact us with any of your EMV questions, concerns or to place an order by calling 1.800.451.4021 or visit us online at johnwkennedyco.com for all your petroleum equipment needs.

The John W. Kennedy Company appreciates your business and continued support!

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Patriot Capital – Now’s The Time! Upgrade Your Site – Grow Your Business

By BlogAdmin December 14, 2018 Financing, Pumps & Dispensing

Upgrade your site with Gilbarco Encore 700s and Patriot Capital

Your customers are looking for secure payments and a great fueling experience. You’re looking to maximize profits and minimize costs.

Now’s The Time to Get Both!

Apply today for quick approval. Financing rates apply to all orders received by March 31, 2019 with shipment by June 30, 2019.

1. Additional terms may apply. Contact us at 1.800.451.4021 for more information and additional program information.
2. Participation in program requires credit approval by Patriot Capital. Program may be altered or terminated prior to March 31, 2019.

Read the full details in Patriot Capital Now’s The Time promotional flyer by clicking here.

Click here to obtain a quick quote online using the Patriot Capital Monthly Payment Estimator found at johnwkennedyco.com.

If you have any further questions, would like to talk about financing options, equipment upgrades or to place your order, do not hesitate to contact us at 1.800.451.4021 or email us with your inquiries.

The John W. Kennedy Company appreciates your business and continued support!

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Patriot Capital: Is Equipment Financing Right For Your Business?

By BlogAdmin February 19, 2018 Financing

You have options in how you finance your fueling and convenience store equipment. Adding new EMV gas pumps, POS, LED’s, storage tanks or EMV upgrades? View the short video below to learn how business equipment financing and leasing for your convenience store compares with other loan and borrowing options.

Feel free to give us a call at 1.800.451.4021 if you would like to finance your next equipment purchase or visit Patriot Captial’s Equipment Financing Learning Center to learn more.

The John W. Kennedy Company appreciates your business and continued support!

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Available Tax Incentives – Accelerated Depreciation

By BlogAdmin January 22, 2018 Financing

2018 Tax Changes

Our good friends at Patriot Capital have asked us to share one of the benefits of the new tax laws; expansion of Section 179 and Bonus Depreciation!

As Richard Browne, Patriot Capital Vice-President and Marketing puts it, “Bottom line, most dealers and jobbers will be able to deduct 100% of their equipment purchases in the first year, rather than over the traditional seven years. This has some significant tax benefits for them.”

Click here to see the document that explains accelerated depreciation on page 1, summarizes the changes on page 2 and gives an example of how it works on page 3.

If you are looking to purchase new equipment and would like to take advantage of these expanded tax benefits, give us a call at 1.800.451.4021 today! We can also work with Patriot Capital to help with your financing.

The John W. Kennedy Company appreciates your business and continued support!

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Opinion: 2 Tax Deductions Every Fuel Retailer Should Consider

By BlogAdmin September 13, 2017 Financing

This article has been reproduced from the Convenience Store News and originally appeared on August 30, 2017. Click here to read the original article on Convenience Store News.

ATLANTA — Labor Day may have just passed, but it is not too early to think about April. Optimizing your taxes requires some advanced planning that can yield big savings. With changes to the tax code in the wind, 2017 may be the last time some deductions are available or are as valuable. Two tax savings strategies that can help you reduce your 2017 taxes are Section 179 and bonus depreciation.

Both Section 179 and bonus depreciation are forms of “accelerated depreciation.” These strategies allow you to recoup all or a significant portion of an asset’s depreciation in the first tax year the equipment is put into use.

To take advantage of these deductions, equipment must be installed and in service by Dec. 31, 2017. With current lead times on some equipment reaching six weeks, plus additional lead times for scheduling installation, waiting much longer may put these tax savings out of reach for 2017.
Let’s consider a convenience store that upgrades gas pumps, does canopy and brand-imaging work and installs new beer caves at a total cost of $350,000. Normally, this business may depreciate this investment over something like seven years, getting an annual tax deduction of $50,000. Under Section 179, a business may deduct up to $500,000 of capital equipment purchases in year one. In this case, the business could deduct all $350,000 in 2017. If the business is in a 30% tax bracket, this would generate $105,000 in both tax savings and incremental cash flow.

If this same site also undertook a tank upgrade and new price signs, the $350,000 spend could become $650,000. Bonus depreciation kicks in above $500,000 and allows c-store business owners to deduct 50% of the amount between $500,000 and $2 million as first-year depreciation. In this example, the retailer could deduct $500,000 at 100%, and $150,000 at 50%, for a total 2017 deduction of $575,000. At a 30% tax rate, this would yield $172,000 of tax and cash-flow benefits.

Act now

It is important to note a couple of things as you consider how to use these strategies for your business:

The 50% deduction for bonus depreciation falls to 40% in 2018 and 30% in 2019 under the current tax act. If the proposed changes by the Trump administration to the tax act result in lower corporate taxes, the value of depreciation may be lower, resulting in the after-tax cost of equipment increasing by more than 25%.
At this time, it’s unclear if Section 179 or bonus depreciation will survive any changes to the tax act. It is possible that tax-code revisions will eliminate these incentives to boost near-term tax revenue to help offset the effect of lower corporate tax rates.

The Wall Street Journal recently pointed out that “most midsize and smaller firms pay much higher rates” than larger corporations. Section 179 and bonus depreciation are incentives designed to benefit smaller companies. Consider using them while there’s still time this year, and while they are still available.

Chris Santy is president of Patriot Capital. Reach him at chris.santy@patcapfinance.com.

Patriot Capital, a division of State Bank and Trust Co., specializes in enabling entrepreneurs to succeed by providing hassle-free equipment financing in the retail and commercial-fueling verticals and other retail and manufacturing industries.

Working with its customers to enable them to optimize their financing and capital structures, Patriot Capital is the leading provider of capital equipment financing and leasing to NACS (National Association of Convenience Stores) and SIGMA (Society of Independent Gasoline Marketers of America) members.

The John W. Kennedy Company appreciates your business and continued support!

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Why Wait – No Interest, No Payments Until 2018!

By BlogAdmin June 30, 2017 Financing, Notifications, Uncategorized

Why Wait? Qualified Customers Get No Payments on Equipment and Installation.

If you are considering upgrading your site, there’s never been a better time. Lock in today’s low interest rates through December 2022 when you finance your new gas pumps, point of sale, underground storage tanks or other fueling or in-store equipment.

Order by November 30, 2017. Equipment installed by December 31, 2017 is eligible for Section 179 tax savings in 2017.

Our friends and partners at Patriot Capital would love to help you finance those upgrades.

See the attached credit application or give us a call at 1.800.451.4021 and ask us about this program!

Program available to qualified borrowers.

We appreciate your continued business and support!

Recent Posts

Check Out The Latest Financing Programs From Patriot Capital!

Exclusive Gasboy Prime Program

Click on the logos below to find their products in our web store:

The John W. Kennedy Company appreciates your business and continued support!

0% Financing For 12 Months!

DO THE MATH

GET STARTED

Looking for Gilbarco equipment? Click on the links below to visit our web store :

CRIND Printer Mounting Changed from Slide Mount to Hinged Door

6 Myths DEBUNKED About Outdoor EMV Upgrades

Looking for Gilbarco equipment? Click on the links below to visit our web store :

The John W. Kennedy Company appreciates your business and continued support!

So You Missed the EMV Deadline, What Now?

The John W. Kennedy Company appreciates your business and continued support!

Looking for Gilbarco equipment? Click on the links below to visit our web store :

Upgrade your site with Gilbarco Encore 700s and Patriot Capital

Act now

Why Wait? Qualified Customers Get No Payments on Equipment and Installation.

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