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Nigeria tests payment system<br />
EasyFuel Limited, an integrated cashless fuelling company in<br />
the downstream oil and gas sector, has successfully conducted<br />
a pre-launch system test for its operations at Oando outlets. In<br />
a statement, the company, a Payment Terminal Service Provider<br />
(PTSP)-licensed operator, said the test, which was conducted across<br />
designated Oando service stations in Lagos, was done in preparation<br />
for the commercial launch of the service. Managing Director,<br />
Mr. Tayo Olajide, said: “We have just concluded the test run of<br />
our system. All the service stations that are live on our network<br />
were involved in the process and the feedback has been fantastic.<br />
The Point of Sales (PoS) terminals installed at the service stations<br />
are working perfectly as expected and coordinating well with our<br />
back-end platform.”<br />
KSS and PwM launch Price-Sync<br />
KSS Fuels and PWM Electronic Price Signs announced the general<br />
availability of PriceSync, an integration module that supports<br />
the auto mated delivery and verification of fuel price changes<br />
from head office to the electronic price sign at a retail location.<br />
PriceSync will guarantee the accuracy of price displays, with immediate<br />
notification of any issues in the timing or update of price<br />
changes. PriceSync integrates KSS Fuels’ PriceNet software and<br />
PWM’s price signs, creating a closed-loop system and confirming<br />
successful implementation of new fuel prices at the sign as well<br />
as taking care of the synchronization with point-of-sale systems<br />
and fuel dispensers. PriceSync represents a major step forward in<br />
fuel price automation and will ensure fuel retailers can respond<br />
quickly to market or competitor changes.<br />
oRTEc secures oPET deal in Turkey<br />
Following an extensive return on investment analysis, OPET, a<br />
leading player in the petroleum and oil industry and part of Koc<br />
Holding, selects ORTEC to automate its lubricant distribution planning.<br />
Speaking about the selection, Murat Inci, Project Manager<br />
at OPET, explains: “From a group of several specialist suppliers,<br />
ORTEC outshone all the competition by clearly demonstrating the<br />
necessary capabilities to handle all of our planning constraints. The<br />
deciding factor, however, was the fact that ORTEC could deliver<br />
large reductions in transportation costs, by an estimated 5 percent<br />
compared with the previous year, which would equate to significant<br />
financial savings for our company. We expect the ROI time for this<br />
project to be approximately one year.”<br />
oPw La and FuelQuest announce<br />
global partnership<br />
OPW Latin América, (a business unit of OPW) and FuelQuest Inc.<br />
announce a global partnership agreement to offer an end-to-end,<br />
centralized fuel network management solution. Fuel operators can<br />
now enjoy the benefits of proactive tank monitoring integrated with<br />
fuel management automation software and services to reduce fuel<br />
costs, lower working capital requirements, identify incidences of<br />
theft and improve environmental compliance. “Fuel operators face<br />
unique challenges in terms of procuring, monitoring and managing<br />
fuel, says Fernando Whitaker, Managing Director of OPW Latin<br />
América. “By combining forces, OPW and FuelQuest a solution that<br />
tackles these core fuel challenges by providing petroleum retailers<br />
and fleet operators with the greatest opportunity to reduce fuel<br />
costs and remain business compliant.”<br />
New Bever appointment<br />
LaTEST NEwS, EvENTS, JoBS oNLINE – www.PETRoLPLaza.coM<br />
PRodUcT NEwS<br />
clear2Pay and IFSF team results<br />
Clear2Pay, a provider of<br />
next generation payment<br />
solutions for financial<br />
institutions and the<br />
International Forecourt<br />
Standards Forum (IFSF),<br />
the non-profit standards<br />
organization of international<br />
petroleum retail,<br />
announce the result of their successful collaboration in the development<br />
of the technical specifications for the issuance of EMV-based fuel cards.<br />
The main aim of this co-operation was to facilitate petroleum retailers<br />
and other Fuel Card issuers to migrate seamlessly from magnetic<br />
stripe to chip-based Fuel Cards and enable a common way of working<br />
between Fuel Card issuers assuring worldwide interoperability. The<br />
specifications are based on the field-proven EMV technology, the global<br />
standard for chip-based payments and current IFSF EFT interface<br />
and security standards.<br />
Jyrki Löf, seven years working as Technical Director for Finnish<br />
LED Signs OY, responsible for the technical management and sales<br />
of LED products to European oil companies and resellers, has<br />
joined Bever Innovations bv as Business Devel opment Director<br />
Scandinavia and Baltic States. Based in Finland (Helsinki) Jyrki<br />
is responsible for the business development of all LED products<br />
in Norway, Sweden, Finland and the Baltic states such as Estonia,<br />
Latvia and Lithuania.<br />
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