easycash September 2009 authorized payments for third-party payment network in Ratingen for the first time. The payment service provider easycash takes over immediately the authorization of debit card payments debit to around 2,500 Aral petrol stations in Germany. Easycash and the Deutsche BP, the parent company of Aral AG, agreed contract with each other. The previously used electronic cash method is replaced in large part by the lower signature-based method. In addition to significantly higher transaction speeds, BP also benefits from a significant reduction of in costs. Until the end of August, already 700 gas stations on the innovative solution were moved, more 1,800 Aral petrol stations follow until end of September. Innovation in the payment of BP BP operates 2,500 Aral gas stations nationwide and processed around 150 million card payments.
To do this, the company maintains its own payment network. So far almost exclusively the PIN-based ec cash method was the acceptance of debit cards used, where the banks involved security against possible non-payment grant. In the future, BP the cashless debit card payments at Aral petrol stations mainly settles with proven, signature-based debit. To avoid authorization via easycash to defaults, BP uses easycash as authorization Center: the debit card payments are routed from the BP network in the network of the easycash and authorized there. Secure authorization his consistently optimized risk management uses as a basis easycash to the online direct debit authorization. It is based on the extensive experience of easycash’s largest German direct debit processor with the most meaningful lock file in the German market. This solution enables the optimal use of the direct debit procedure for minimizing risk and significant cost advantages in comparison to the electronic cash charges BP.
In addition to the cost benefits, payment processing is accelerated also significantly: easycash processed an OLV transaction within 250 msec. and so even cash throughput. OLV acquiring for full security BP takes the Receivables purchase service OLV acquiring service provider claims.