OTI PetroSmart Partners With Fuel Telematics Solutions to Deliver Secure Mobile Payment for Corporate Fleet Vehicles
CAPE TOWN, SOUTH AFRICA, May 02, 2016 (Marketwired via COMTEX) -- OTI PetroSmart, a global Value Added Reseller of petroleum payment solutions and products and a wholly owned subsidiary of On Track Innovations Ltd. (oti) OTIV, -3.33% and Fuel Telematics Solutions Ltd (FTS), a venture capital backed company specialising in mobile payment solutions for fuel retailing, announced today a mutual partnership that will deliver secure mobile payment solutions for corporate fleet vehicles.
Under the terms of the partnership, OTI PetroSmart's proven and globally deployed Automatic Vehicle Identification (AVI) solution EasyFuelPlus will be combined with the powerful and flexible cloud-based mobile payment and engagement platform developed by FTS. The integrated solution will be marketed by both companies and will result in a fast, convenient and highly secure fuel payment experience.
"The FTS platform was already perfect for consumers, but we were faced with a simple but important dilemma when it came to corporate fleet users," said Peter Birrell, Managing Director of FTS, "how can we ensure that our mobile payment platform is being used for refuelling of the right vehicle? We found a compelling solution in OTI PetroSmart's EasyFuelPlus solution, which gives us the ability to check for a secure vehicle-mounted tag as part of our platform's authorisation process. The EasyFuelPlus technology acts as the extra level of security that ensures that a fleet driver using mobile payment is in fact refuelling only the vehicles that he is authorized to refuel."
Charlotte Hambly-Nuss, Managing Director of OTI PetroSmart commented: "We are delighted to be able to add mobile payment to our already extensive product portfolio, and to be able to support FTS with such an important requirement. The sophisticated yet flexible nature of the FTS mobile platform has allowed us to accelerate our plans to introduce such a product, and we are excited about working together with FTS to deliver a solution that is truly compelling for drivers and retailers alike."
OTI PetroSmart and FTS will be exhibiting together at the Uniti Expo trade show in Stuttgart, Germany on June 14th-16th 2016.
About EasyFuel Plus In EasyFuel Plus' most basic configuration, wireless readers installed in a gas station and contactless readers installed on the nozzle access information stored on a vehicle mounted tag or alternatively on a passive contactless tag mounted around the fuel inlet. This information is required to approve any fuel transaction and should the information not prove valid, refuelling is denied.
The validity of the method of payment can be verified offline or online. Due to the flexibility and security of the oti technology platform, a wide range of business rules such as the fuel grade, tank capacity and velocity checks can be managed offline.
OTI PetroSmart's ability to support pre-payment on its devices, including vehicle tags (without the reliance on back-end systems) further serves to differentiate its product offering.
About FTS FTS brings the next evolution in mobile payment solutions for the petrol forecourt and retail market, changing the fueling experience. It is the place where payment convenience meets customer engagement.
The FTS payment solution brings the convenience of mobile payment to consumers, driven by iBeacons to ensure minimum fuss and maximum convenience.
Leveraging on that regular engagement, is a platform to deliver consumer engagement and rewards or promotions. Coupled with our demographics and consumer behaviour tracking, it provides a unique opportunity to gain access to an otherwise unattainable market.
