Moneris Solutions, a Canada-based payment processing solutions provider, has unveiled a new payment solution, called PetroTrak, for petroleum businesses in Canada.
The point-of-sale (POS) solution has been designed to support and process all fleet card transactions, fleet data management and gift and loyalty programs at the POS.
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The new solution will offer Canadian Petroleum-based businesses an integrated vehicle-fleet management application for their payment terminal solution.
Using PetroTrak, business owners can accept a wide variety of fleet and commercial payment cards, credit and debit card transactions.
The solution, which uses Moneris’ swipe and fleet PIN technology as well as EMV chip and PIN or contactless-tap functionality, will ensure that merchant and customer card data is secure and also accept mobile payments including Apple Pay.
Moneris said that PetroTrak will provide receipt and administrative reporting, as well as the capture of fleet vehicle odometer readings.
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By GlobalDataThe product will allow fleet businesses to customize their fleet payment cards to set product purchase parameters, such as purchase restrictions, for their staff cardholders.
It also features a preauthorization transaction functionality, which allows cardholders to allocate a defined dollar amount at the POS prior to fueling their vehicles.
Moneris chief sales and relationships officer Jeff Guthrie said: "PetroTrak is a comprehensive, ready-to-use solution that allows small-to-medium-sized businesses to accept fleet payment cards and capture required transaction details in line with industry reporting standards."
