Payments solutions provider Verifone has launched a cloud-based solution called EZ-Receipt, which generates an electronic receipt at the pump.

The new offering will curb operating costs for merchants by doing away with the hassle of maintaining gas pump printers.

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Verifone Americas president Joe Mach said: “With EZ-Receipts, customers no longer have to wait for a printed receipt making the transaction faster. Furthermore, at the same time reducing operation costs and paper waste for merchants.”

The new product can be availed by merchants using Verifone’s Commander Site Controller.

Customers can enroll in EZ-Receipt at the gas pump or on the in-store PIN pad.

The confirmation on enrollment will be delivered to customers through a text message after they enter a 10-digit mobile phone number.

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Customers can use the same payment card on the PIN pad or pump dispenser card reader at the next pay and will get a receipt through text or email.

Verifone Petroleum senior vice president Dan Yienger said: “Because of our dominant market share, EZ-Receipt is an example of the frictionless commerce Verifone enables for consumers and merchants alike.

“Our scale across all retail markets and expertise helps merchants transform payments with the latest EMV and security-compliant payment solutions.”