Prepaid Gas Card Launched in Trinidad

Prism (www.prismco.com) and Hypertech Caribbean (www.hypertech-caribbean.com) recently announced the launch of a prepaid gas card in Trinidad.

PetroCard, a pre paid gas card targeted at customers with less than ten vehicles will introduce numerous benefits, not only for companies, but also individuals and the gas stations themselves. PetroCard will eliminate fueling via petty cash and allow for better management and control of fuelling cost via effective reporting.

The current fuel payment options present a wide range of challenges for companies; credit facility with gas stations leads to administrative costs associated with reconciling the bills to make payments at the end of every month; fleet card facilities are not appropriate for every company as it depends on their size; not all employees can be given the privilege of using a company credit card; cash payments increase the security risks due to frequent trips to the bank and reimbursing employees is always a stressful procedure.

In addition to these benefits, using PetroCard is a simple and effective process; companies fill out an application form and make a payment for the amount to be loaded onto each corporate gas card. To reload the card, a cheque is sent to the gas station with a breakdown of the amounts to be loaded onto each card; the administrator logs on to the system remotely, accesses the customer’s account, and enters the relevant amounts.

For individuals to reload their card, they must simply pay the amount that they wish to a gas station attendant; the card is swiped, and the amount entered enables a reload.

PetroCard has in place numerous security measures offering maximum protection for clients.

PetroCard also introduces increased accountability by providing report details on individual cards.

UNIPET; owning a total of 22 gas stations throughout Trinidad, will also reap the benefits of PetroCard as it will lead to increased patronage, eliminate the cost and hassle of offering credit facilities, promote a cashless gas station; less cash will pass through the stations and hence minimize loss through robbery and theft, and offer rewards for fuelling. At this point no other gas station offers this; the Unipet PetroCard will be the first ever to offer rewards to customers for their gas purchase.

Hypertech Caribbean Limited is a leading provider of Card Payment Solutions in the Caribbean. Their solutions add value at the point of sale (POS) for financial institutions, merchants and consumers.  Its solutions include consultancy and project management services; Hypercom POS technology; POS network development and installation; credit and debit card production and delivery; and supplies for Hypercom POS terminals.

For more information contact Rachel Walker
Tel 868-713-7889 or email: Rachel_walker@prismco.com