SmartCentric to provide new Fuel Card System for LUKOIL in 5,200 stations across Europe

Dublin, Ireland and West Palm Beach, Florida, United States: 

SmartCentric Technologies International Ltd (SmartCentric) today announced that it has been awarded a major contract to develop a new Fuel Card system for LUKOIL-Inter-Card to be rolled out across LUKOIL’s extensive network of filling stations in Europe.

LUKOIL-Inter-Card have been operating the LUKOIL Fleet and Account based fuel card, developed by SmartCentric, in over 3,000 of its filling stations in Russia and Belarus since 1997 with over 1.75m cards currently in circulation.

The new system will see the number of cards in use rise to over 7 million and will be accepted in over 5,200 filling stations across Europe.

Cutting edge technologies will be employed in the development of the new system, allowing LUKOIL to offer a ‘One-stop’ approach in filling stations; the point of sale equipment will accept multiple card types including magnetic stripe, contact and contactless chip cards and even contactless car mounted devices and payment via mobile phone technology.

In addition, cards issued by other fuel companies, banks and card processors will be accepted in the system which will also offer multiple customer solutions including prepaid or account based

fleet cards, single use cards and end user consumer cards.

The cards can be used for fuel and oil products as well as purchases of other goods and services while a full settlement, invoicing, VAT reimbursement and reporting system allows for seamless system operation as well as Internet based client portals for fast and efficient registration and system management.

The new cards will also include a loyalty application which will allow LUKOIL to offer its customers incentives for their purchases which can then be redeemed in-store at filling stations as well as offering discounts with group partners.

Kieran Timmins, CEO of SmartCentric, is delighted with the success of his company. ‘Though we have been providing LUKOIL-Inter-Card with fuel card solutions for many years, this new product will be innovative and market leading and will offer us opportunities to expand further into Europe. It will be the first truly multi-card, multi-platform feature rich product aimed at increasing customer loyalty and profitability.’

Alexander Dolgikh, Deputy Director General for LUKOIL-Inter-Card says ‘We chose SmartCentric for this project as they are unique in offering a flexible solution to provide both the back end systems and the card based solutions that we require to grow our business. We see this as a key step in the expansion of our fuel card system across Europe.’

For further information please visit us on                    www.smartcentric.com

About SmartCentric Technologies International Limited

SmartCentric Technologies International is a specialist technology company focused on secure payments and transactions and multi-application smart card systems. SmartCentric's flagship product, SmartCity®, was originally developed by the SmartCentric team in the early 1990's and has evolved into a trusted worldwide card solution. SmartCity® is a Multi-Application Card Management System which has many wide-ranging uses, such as fuel cards, stored value, loyalty, gift cards, logical access, physical access, biometrics, car parking and ticketing. SmartCity® is based on international standards and is teamed with best of breed industry partners to deliver leading edge technology and first class client friendly solutions.

SmartCity® has been used in over 90 sites worldwide with over 7 million cards issued in diverse sites such as fuel stations, colleges, government offices, military establishments, banks, cities, towns, shopping areas, and stadiums.

About LUKOIL-Inter-Card

LUKOIL-Inter-Card (LICARD), a 100% subsidiary of LUKOIL, are world leaders in the provision of comprehensive fuel payment management system based on Fuel and Loyalty Cards. LUKOIL offers its customers a wide range of products and services allowing purchases of fuel and oil products at the ever growing number of Service Stations accepting the LICARD Fuel and Loyalty Cards