VeriPark is transforming payments at the pump

The firm’s solutions are helping fuel-oil distribution companies to introduce easier, faster and safer ways for drivers to complete transactions at gas stations

VeriPark is transforming payments at the pump

This article was originally published in the Autumn 2019 issue of The Record. Subscribe for FREE here to get the next issues delivered directly to your inbox.

The way we pay for things is changing – and fast. Do you remember the last time you used cash to make a purchase at a bookstore, a gas station or a coffee shop? Chances are, it was probably a long time ago. With the rise of the alternative payment options, gone are the days when cash – the so-called king of payments – was the only option. In today’s world, the payment experience is synonymous with the customer experience.

Delivering the best customer experience is the paramount focus for companies across many industries and the oil and gas sector is no exception. Offering several payment methods built with the customer choice in mind – including self-service options – helps companies to enhance the customer experience and solidify their relationships with these consumers to ensure that they return to the same gas station again and again.

VeriPark has recently worked with one of Turkey’s largest fuel-oil distribution companies, which has more than 1,300 gas stations and wanted to reshape the way it interacted and transacted with customers by offering them more convenient and appealing ways to pay for their gas purchases. The goal was simple: to deliver frictionless experiences that meant customers no longer had to wait to make a purchase or leave their car to get fuel. Instead, the company wanted customers to be able to make their payment without the need for cash or a credit card.

To achieve this, the company wanted to implement two new payment options to allow their customers to choose whatever method they feel most comfortable with. Working closely with VeriPark, it created a keychain payment system, which offers its customers the convenience of purchasing gas without ever touching their wallet, taking their credit card out or even stepping out of their car.

Today when a customer enters the gas station with their chip-embedded keychain, all they have to do is open the window and wave the keychain in front of a dedicated area on the gas pump. The specially equipped pump scans the keychain with radio-frequency identification technology so the payment can be taken automatically and the whole purchase process is completed within seconds. Customers instantly receive an SMS message with all the information related to their gas purchase and automatically earn loyalty points that can be used with future purchases. The keychain system provides a highly safe and easy way to make gas purchases, which means it appeals to customers who are always looking for ways to make their transactions faster and more secure.

As many customers’ lives are increasingly centred around their smartphones, the fuel-oil distribution company has also developed a new mobile application by implementing VeriPark’s omnichannel delivery solution VeriChannel. Customers can drive to a gas station and make their payments quickly and safely through the mobile app without having to leave their cars, which means they can get back on the road immediately after filling up. In addition, they can use the app to find the nearest gas stations, see current fuel prices, track their previous purchases and view the loyalty points they have earned.

Drivers are often in a hurry and any gas station that provides a fast, easy and convenient way to purchase gas will be the first place they will go. Thanks to VeriPark’s technologies, the fuel-oil distribution company now has a truly competitive edge in an industry where payment convenience is paramount for customer gratification and loyalty. In addition, VeriPark’s technologies have enabled the company to become more productive, map out the individual customer movements and decrease cycle times.

Together, we have created compelling experiences for drivers during their routine stops at the pump.

Asli Derbent Ozkan is general manager of VeriPark Turkey

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