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Araratbank launches a Petrol Plus based project |
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 Araratbank in cooperation with Flash network of petrol stations introduces the system of loyalty and fleet cards, based on Petrol Plus, in Armenia. The project is innovative as the system will operate on VISA Electron contactless dual smart cards. These cards have a magnetic strip which carries the banking functions as well as a contactless chip which operates the fuel application.
NCT developed special software for the two newest types of microprocessor that were chosen for the project - Mifare Plus and Mifare DesFire. It has once again confirmed the fact that the Petrol Plus fleet card and loyalty system can be realized on any carrier. To conduct the transactions Araratbank will employ the latest Ingenico equipment – G-Series terminals with contactless interface.
The system launch is planned for the end of 2010. At the initial stage of the project 5000 fuel cards will be emitted and accepted at 10 Flash petrol stations.
The migration from the bulky system of fuel coupons to contactless smart cards will allow the petrol network to optimize their relations with corporate clients (e.g. simplify and automate document circulation and reporting, to control sales volume). Cooperation with the bank will provide Flash stations with a new service - acceptance of bank cards at the same terminal with fuel ones. Moreover, Flash is now able to pass all the work with card holders and control over financial operations over to Araratbank that already has the necessary resources. The bank, in turn, gets additional profit from servicing corporate clients of the petrol network, and involves new private clients (such as employees of the enterprises who can use their fleet cards as bank ones).
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Araratbank launches a Petrol Plus based project 