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Payment24’s FastLane identifies any vehicle enrolled in the system as it drives into the forecourt
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It allows petroleum companies and organizations to operate their own fueling home bases
Dubai: Fuel management and payment solutions specialists Payment24 has launched a new module in their comprehensive solutions suite, bringing contactless, cardless and secure fuel payments to market, the company said in a statement.
Payment24’s latest innovation, FastLane, is described as ‘biometrics for the vehicle’ which instantly identifies any vehicle enrolled in the system as it drives into the forecourt, and then authorizes refueling and automates payment.
The solution is designed to allow petroleum companies and organizations to operate their own fueling home bases to improve service and efficiency and reduce the risk of fraud.
The FastLane system uses cameras and artificial intelligence to detect a vehicle’s registration number, make, model, color and type as it drives into the refueling station.
This data is sent to the Payment24 cloud, and if the vehicle is registered in the system, refueling could be pre-authorized or a push notification can be sent to the FastLane companion app for driver verification and authorization.
The pump will release the fuel allocation and payment will be deducted automatically, with a receipt sent via the app. As a B2C solution, the registered driver will authorize refueling and payment, but the system also enables fuel allocations and payment to be controlled by fleet owners and industrial fueling station owners to speed up processes and reduce the risk of theft and fraud.
Built for conditions across Africa, the smart FastLane solution is very light on energy requirements and can run offline.
Payment24 operates in seven countries in Africa, with a strong partner network Ghana, Namibia, Botswana, Nigeria, and UAE, as well a footprint in Europe and the U.S.