New Technology Splits Credit Card Types at Pump
Product: OneTouch CP720
Companies: Triple E Technologies, LLC; marketed by COCARD/Anderson Properties
When customers use payment cards to pay when they fill up their tanks at the gas pump, all those transactions-whether they've been put through on petroleum cards or on Visa, MasterCard or other cards-are sent to one location for processing.
Now there's a new product that splits 'flagged' oil company credit card transactions from those made with other cards. Triple E Technologies, LLC has given exclusive marketing rights for its OneTouch CP720, to COCARD/Anderson Properties. It's a system that determines the difference between credit card types and offers owner/operators an alternative to high processing costs. According to COCARD, the cost savings are significant.
Oil company card transactions can be processed by the company and all others are directed to alternative processors to take advantage of lower transaction fees. The OneTouch CP720 also enables the splitting of fleet, loyalty and prepaid cards.
The OneTouch CP720 unit is installed at the pump and has all the necessary copyrighted software applications loaded onto it for transmitting transaction data; it weighs about 1.8 lbs and measures 6" x 5.5" x 1.75", about the size of a CD carrying case. The OneTouch CP720 can be integrated with various existing POS equipment though an external port.
COCARD/Anderson Properties
6489 Ridings Rd.
Syracuse, N.Y. 13206
800-333-0826
e-mail: anderson@crediport.com
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