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Retail Petroleum Payments
i-TransAct offers i-TransRePP, a comprehensive payment solution for the retail oil industry. The solution is based on open systems architecture and can be customized to suit the varied business and technical requirements of our customers. The solution is highly flexible and offers various connectivity options for the forecourt and the HQ, including TCP-IP, Wi-Fi and traditional RS485 Lan.
i-TransRePP includes all the components necessary to build a secure end-end e-Payment infrastructure: from acquisition of the card at the pump through to authorization and settlement of the payment. i-TransRePP supports several card payment options including debit and credit, both mag-stripe and chip-card types. It also offers optional integration with value-added card programs such as Fleet Cards and Loyalty Cards.
Key
Technology components outlined as follows:
i-TransRePP consists of two core components viz. i-TransPay Payment Gateway (at each Retail Outlet) and i-TransPay ATS (at the HQ). Further, both components are fully integrated with industry standard hardware security modules to ensure end-end transaction security. The Payment Gateway and ATS offer several interfaces for integration of associated systems at the Outlet-level and HQ-level, such as Pump-controllers, POS stations, Front-office and Back-office servers. They can also be interfaced with existing Fleet Card Management Systems, Loyalty Hosts and external 3rd-party partner systems such as Acquiring Bank Hosts, Financial Institution Hosts, Loyalty Program Systems, Biller Hosts, Telco Pre-paid systems etc.
Key
Technology components outlined as follows:
- Based on open-systems technologies (Java/J2EE/XML)
- Standards based (ISO8583/EMV)
- Connector-based interfaces for integration with outlet-level and HQ-level
- Adherence to current international payment security standards (DES/3DES/ANSI X9.8/ANSI X9.9)
- Rich functionality supporting complete authorization, capture and settlement of payments
- Easy integration with in-house financial/ERP systems
Key
Benefits to Petroleum companies:
- Because we leverage a database of purchasing patterns to effectively tailor delivery of new services to each specific client, they can improve their customer relationships, and consequentially increase their customer retention. This will lead to a boost in their revenue.
- They can also reduce the risk of fraud and chargebacks, and as a result reduce the cost involved in processing them.
- More cardholders will be attracted to make petrol purchases at petrol stations with the deployment of a complete and secure set of payment option, resulting in an increase in customer acquisition. This will, in turn, effectuate a boost in the business.
- By partnering with 3rd parties such as Utility companies, Telcos etc., and offering value added services such as Utility and Telco post- and pre-paid bill payment, iTransRePP can allow oil companies to add new revenue streams.
- Once they deploy iTransRePP, oil companies can amplify their transaction volume by partnering with corporate customers and even consumers. They can also multiply cardholder loyalty this way.
- Oil companies can also strengthen their relationships with their dealers and operator.
Benefits to Oil Company’s Customers:
- Increased confidence to make card-based purchases
- Increased convenience
- Access to value added payment services
- Better shopping & payment experience for consumers
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