OTI PetroSmart Partners With Fuel Telematics Solutions to Deliver Secure Mobile Payment for Corporate Fleet Vehicles
CAPE TOWN, SOUTH AFRICA--(Marketwired - May 2, 2016) - OTI PetroSmart, a global Value Added Reseller of petroleum payment solutions and products and a wholly owned subsidiary of On Track Innovations Ltd. (oti) (NASDAQ: OTIV), 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.