OTI Install EasyFuel Wireless Petroleum Payment Solution in Mexico

Friday 14 November 2003 15:37 CET | News

On Track Innovations (OTI) has installed its EasyFuel wireless petroleum payment solution in Mexico. OTI is marketing EasyFuel with T@nque Lleno, a local provider of support and marketing services.

The first commercial implementation is planned for 57 CORPOGAS gas stations in 5 states in the center and south of Mexico, with the majority of stations in Mexico City. The system is initially introduced to the station attendants, to increase service speed at the island and eliminate fraud. The system is expected to expand to the commercial fleets in the retail and government markets with applications for private motorists planned in the future. T@nque Lleno is a Mexican company that provides Intelligent Administration Systems to commercial fleets in Mexico and promotes the EasyFuel solution in the country. T@nque Lleno reached an agreement with CORPOGAS to become the first EasyFuel commercial client in Mexico. CORPOGAS operates 57 stations throughout the country and was recently recognized as the largest distributor of PEMEX gasoline. T@nque Lleno plans to expand the network in 2004 to additional gas stations and fleets that have expressed interest in the EasyFuel solution. Mexico, the third largest producer of oil in the world, is an excellent market for EasyFuel, with more than 6,000 gas stations nationwide. The EasyFuel wireless solution represents the next generation of OTIs gasoline management system geared toward the North American and European markets. It is a totally wireless solution for gas stations that dramatically reduces installation and maintenance costs, allowing for quick and easy deployment, with a rapid return on investment. The system, developed over the past four years is based on OTIs patented technology that allows RFID smart tags to work in both short and long-range situations. The EasyFuel system has built-in benefits for the oil companies and commercial fleet operators. Fleet companies eliminate non-authorized fueling and receive comprehensive billing and detailed operating information. Operators can take advantage of the systems pay-at-the-pump capabilities and benefit from built-in loyalty programs. By controlling the distribution of fuel electronically, fraud is greatly reduced while significantly decreasing the total service time. The system also allows for 24-hour non-attendant sales and greater in-store purchases. Several major oil companies, such as BP and Repsol, as well as commercial fleet companies, have adopted OTIs solution for petroleum payment and fleet management in Africa, South America, and Europe. The fleet product has been operating in Africa via BP under the brand name FuelMaster, and currently includes approximately 500 gas stations and 40,000 vehicles.

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Categories: Payments & Commerce | Payments General
Countries: World
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