Engineering Innovation In
Digital Finance
How can digital payments be increased by more than 300%? By using a solution that facilitates the management of digital payments and their use by clients: our solution.
Approach & Solution
Approach
A foreign multinational company operating in Italy for the refining and distribution of petroleum products wanted to give strong impetus to the management of private-label payment systems. The idea was to evolve of its offer in the digital payments sector and to introduce new functionalities.
It works in a mature market in which it acts as a leader, thanks to the strategic vision of its business and the ability to continuously transform its offer.
Solution
Our proprietary solution, Hycards, provided the following functionalities:
- Dynamic PINs with random or chosen code.
- Customizable daily, monthly and annual spending limiter.
- Opening to the MyBank and PayPal circuits for topping up fidelity cards.
- Accumulation of credits on refueling and other credits, convertible into fuel discount coupons or partner coupons.
- Mutual acceptance of fuel card payments with other oil companies.
- Cross-selling operations with the Large-scale Retail sector (partial payments of refueling using partner coupons).
Results
New approach to dematerialization
Increase in annual payments by 310%
250,000 new fuel cards in circulation
Project Value
Innovation
Enabling Technologies
Cloud
AI & Advanced Analytics
Our Products & Other Technologies
Hycards
Project Team
Engineering Finance Business Unit