BP has renewed its membership of the BOSS Payment Watch scheme for 2014 bringing the number of BOSS Payment Watch members to more than 1,800 sites.
BP operates more than 300 company owned stores across the UK and has been a member of BOSS Payment Watch since the scheme was launched in 2010.
BOSS Payment Watch is a debt recovery scheme that puts in place a co-ordinated system for recovering financial losses incurred by ‘no means of payment’ incidents.
Kevin Eastwood, executive director at BOSS, commented: “We’re very pleased to have the opportunity to continue our relationship with BP. BOSS Payment Watch not only helps to protect fuel retailers’ businesses financially, but is leading the way in identifying multiple offences and supporting the police in pursuing persistent offenders.”
Gary Worrow, BP’s security and crisis management advisor, said: “BOSS Payment Watch has proved the most cost effective solution to recover debts and it has significantly cut our no means of payment losses and I would recommend it to retailers.
“In many cases the detailed documentation drivers sign acts as a deterrent and encourages them to find an alternative way to pay before they leave the store. If we do need to pursue a debt the BOSS reporting process is simple and the level of recovery is good. I would like to see this as an industry approach that would help to eradicate the problem we all face.”