Vertical Markets

Payment Watch joiner

by Mark Rowe

BOSS, the British Oil Security Syndicate, has signed independent forecourt and convenience store operator Sewell Retail to its Payment Watch scheme.

All 12 of Sewell Retail’s sites become members of BOSS Payment Watch, the debt recovery scheme that puts in place a co-ordinated system for recovering financial losses due to ‘no means of payment’ incidents.

Kevin Eastwood, executive director at BOSS, said: “We’re very pleased to have the opportunity to extend the support offered by our Payment Watch scheme to Sewell Retail’s forecourt sites. BOSS Payment Watch not only helps to protect independent fuel retailers’ businesses financially, but is leading the way in identifying multiple offences and supporting the police in pursuing persistent offenders.”

And David Craven-Jones, operations director at Sewell Retail, said: “After trialling BOSS Payment Watch at five sites we’ve been impressed with the effectiveness of the scheme and have decided to adopt it at all 12 of our locations. BOSS Payment Watch has significantly cut our no means of payment losses – in many cases the detailed documentation drivers have to sign is enough of a deterrent to encourage them to find a way to pay before they leave. If we do need to pursue a debt the reporting process is simple and the recovery rate is good. BOSS Payment Watch offers real benefits to independent fuel retailers and I’d certainly recommend it.”

About the British Oil Security Syndicate Ltd. (BOSS)

A not-for-profit independent trade organisation campaigning to reduce forecourt crime, formed in 1991 by the oil industry, membership is available to all fuel retailers and oil companies. BOSS is supported by the United Kingdom Petroleum Industry Association (UKPIA), UK Payments Administration, Serious Organised Crime Agency (SOCA) and the Association of Chief Police Officers (ACPO). Visit www.bossuk.org

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