Chip ‘n’ Pin fuel card first for Ireland
Electronic Funds Transfer (EFT) has been fully approved for fuel cards in Ireland, available from Forecourt Systems (Tokheim Ireland)
11 June 2009
Fully integrated EFT (Electronic Funds Transfer) and fuel cards have been given the green light from banks and oil companies in Ireland.
Forecourt Systems (Tokheim Ireland) has announced the availability of Ireland’s first fully integrated Chip ‘n’ Pin and fuel card solution, the first of its kind in Ireland. Having undergone rigorous testing from AIB, Barclay’s, Mastercard and VISA, and after successful piloting in service stations around Ireland, it is now available to all Tokheim Fuel POS customers.
It is estimated that one in four petrol stations currently use the Tokheim Fuel POS, making it Ireland’s most popular EPOS system in the service station market.
The solution accepts Laser, Chip ‘n’ Pin, debit, credit and fuel cards. Other features include fully reconciled credit/debit and fuel card accounts at the touch of a button and a three seconds authorisation process. The solution is also unique, as the vendor does not have to pay authorisation fees with each transaction.
General Manager of Forecourt Systems (Tokheim Ireland), Paul Farren said: “The technology used is extremely secure and all transactions are verified by the bank, the oil company (for fuel cards) and by Tokheim servers on a real time basis, away from the petrol station.”
On the benefits to retailers and consumers he added: “The transactions take less than three seconds to authorise and complete, so queuing times for the customer are dramatically reduced. For the retailer this leads to an improved service and increased throughput.”