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Nigeria tests payment system
EasyFuel Limited, an integrated cashless fuelling company in
the downstream oil and gas sector, has successfully conducted
a pre-launch system test for its operations at Oando outlets. In
a statement, the company, a Payment Terminal Service Provider
(PTSP)-licensed operator, said the test, which was conducted across
designated Oando service stations in Lagos, was done in preparation
for the commercial launch of the service. Managing Director,
Mr. Tayo Olajide, said: “We have just concluded the test run of
our system. All the service stations that are live on our network
were involved in the process and the feedback has been fantastic.
The Point of Sales (PoS) terminals installed at the service stations
are working perfectly as expected and coordinating well with our
back-end platform.”
KSS and PWM launch Price­Sync
KSS Fuels and PWM Electronic Price Signs announced the general
availability of PriceSync, an integration module that supports
the auto mated delivery and verification of fuel price changes
from head office to the electronic price sign at a retail location.
PriceSync will guarantee the accuracy of price displays, with immediate
notification of any issues in the timing or update of price
changes. PriceSync integrates KSS Fuels’ PriceNet software and
PWM’s price signs, creating a closed-loop system and confirming
successful implementation of new fuel prices at the sign as well
as taking care of the synchronization with point-of-sale systems
and fuel dispensers. PriceSync represents a major step forward in
fuel price automation and will ensure fuel retailers can respond
quickly to market or competitor changes.
oRteC secures oPet deal in turkey
Following an extensive return on investment analysis, OPET, a
leading player in the petroleum and oil industry and part of Koc
Holding, selects ORTEC to automate its lubricant distribution planning.
Speaking about the selection, Murat Inci, Project Manager
at OPET, explains: “From a group of several specialist suppliers,
ORTEC outshone all the competition by clearly demonstrating the
necessary capabilities to handle all of our planning constraints. The
deciding factor, however, was the fact that ORTEC could deliver
large reductions in transportation costs, by an estimated 5 percent
compared with the previous year, which would equate to significant
financial savings for our company. We expect the ROI time for this
project to be approximately one year.”
oPW LA and FuelQuest announce
global partnership
OPW Latin América, (a business unit of OPW) and FuelQuest Inc.
announce a global partnership agreement to offer an end-to-end,
centralized fuel network management solution. Fuel operators can
now enjoy the benefits of proactive tank monitoring integrated with
fuel management automation software and services to reduce fuel
costs, lower working capital requirements, identify incidences of
theft and improve environmental compliance. “Fuel operators face
unique challenges in terms of procuring, monitoring and managing
fuel, says Fernando Whitaker, Managing Director of OPW Latin
América. “By combining forces, OPW and FuelQuest a solution that
tackles these core fuel challenges by providing petroleum retailers
and fleet operators with the greatest opportunity to reduce fuel
costs and remain business compliant.”
New bever appointment
LAteSt NeWS, eveNtS, JobS oNLINe – WWW.PetRoLPLAzA.CoM
PRoDUCt NeWS
Clear2Pay and IFSF team results
Clear2Pay, a provider of
next generation payment
solutions for financial
institutions and the
International Forecourt
Standards Forum (IFSF),
the non-profit standards
organization of international
petroleum retail,
announce the result of their successful collaboration in the development
of the technical specifications for the issuance of EMV-based fuel cards.
The main aim of this co-operation was to facilitate petroleum retailers
and other Fuel Card issuers to migrate seamlessly from magnetic
stripe to chip-based Fuel Cards and enable a common way of working
between Fuel Card issuers assuring worldwide interoperability. The
specifications are based on the field-proven EMV technology, the global
standard for chip-based payments and current IFSF EFT interface
and security standards.
Jyrki Löf, seven years working as Technical Director for Finnish
LED Signs OY, responsible for the technical management and sales
of LED products to European oil companies and resellers, has
joined Bever Innovations bv as Business Devel opment Director
Scandinavia and Baltic States. Based in Finland (Helsinki) Jyrki
is responsible for the business development of all LED products
in Norway, Sweden, Finland and the Baltic states such as Estonia,
Latvia and Lithuania.
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