Austin, TX — Payolog a global Payment and smart city solutions leader today announces the expansion of its products and services throughout United States, and worldwide together with Netclearance and SCSI With the products of Netclearance on board of Payolog’s COREdotME V3.2 Platform, Payolog will be able to offer the full set of fare media agnostic and contactless products and services conveniently in one place.
One of which is the introduction of loyalty programs and rewards for passengers using public transit through a joint collaboration between Payolog, Netclearance and SCSI. Ridership levels and operating revenues for transit operators have plummeted because of the pandemic. Introducing a loyalty rewards program along with cashless ticketing can not only increase safety of drivers and passengers but also contribute in increasing ridership levels.
Through this strategic partnership Payolog and Netclearance will enable SCSI, the leading transit solution operator to use a revolutionary open contactless application based on Bluetooth LE (BLE) for loyalty and ticketing in combination with Payolog COREdotME V3.2 Platform. This solution has proven itself in many markets around the world. With this collaboration it will make it much easier for the transit providers to deploy an affordable contactless fare collection solution and for passengers to experience it with convenience and safety of a cashless and touchless solution that can provide loyalty rewards for riding public transit. Through a loyalty program, transit operators can increase ridership levels while passengers can earn credits or points towards merchant’s discounts at participating merchants or credits towards free rides.
“We are extremely happy and privileged to be a partner of Netclearance and SCSI said Murat Guzel, CEO of Payolog. We are pleased to have the opportunity to add yet another product on our platform. The Advanced BLE is a solution used within the transit industry regarding Loyalty and Ticketing. Our partners and what they bring in for us is very valuable and allows both sides to be able to provide the full package to its direct customers. We’ve been very fortunate to collaborate with excellent partners and achieve the goal of making it work for all parties. This partnership is yet another great example of these.”
“In emerging markets, it’s been challenging to deploy and adopt contactless based ticketing and loyalty programs using legacy solutions as the costs of fares and operating expenses makes it difficult to justify the ROI. The combination of affordable BLE mobile ticketing issuance and validators alongside Payolog’s state of the art real-time back-office account-based fare collection (AFC) engine delivers a much needed alternative to replace cash as a fare media in emerging markets and at the same time introducing loyalty rewards programs similar to frequent-flyer miles programs for public transit passengers, said David Fernandez, CEO of Netclearance.
“This partnership is another success story for Payolog and all our partners. We have a great deal of experience and know-how within the Payments and Smart City industry and as we partner with successful industry players, we become stronger. I know the perfect way to support the growth of the industry and Smart City players world-wide is to have local presence through our partners and this is why we continue to partner” said Gokhan Inonu CCO of Payolog.
“Adding a rewards programs for transit owners providing them with an additional revenue stream. The transit industry is ready to offer these additional benefits to their passengers. We are excited to be in this partnership and offer these services to Mexico” Sal Haro, CEO & President at SCSI.
About Payolog: Payolog is a technology company within the global payments industry, thriving to become the finest in payment solutions and services, by providing a unique framework and wrapping all the payment systems solutions within. Payolog provides payment and smart city solutions such as: Credit/Debit/Prepaid Card Management Systems, Switch/Integration Middleware, Open and Closed Loop Transit/Transportation solutions, Loyalty Management, Loan Origination System, Wallet System and many more. Our diversity in products and services is unparalleled, and, our purpose is to provide a wide range of products with top quality service and know-how. Our goal is to become your solution partner for all your Payments Technology requirements. For more information please contact us at info@payolog.com
About Netclearance: Netclearance is a leading provider of person-to-machine (P2M) contactless payments, loyalty and engagement through its proprietary proximity technology, hardware and software. Based in San Diego, California with presence in the U.K. and Mexico, Netclearance enables seamless interactions between mobile applications and physical devices. For more information please contact sales@netclearance.com or visit us on the web at http://www.netclearance.com
About SCSI: With many years of experience, we have been fortunate to collaborate with excellent partners and achieve the goal of making life simple for everyone. We have brought together leading technology companies with cutting edge technology solutions and experience in the world of contact-less card payments, mobile pay, and proximity marketing to help developing cities drive economic growth. We have identified a great need in the transportation industries across Latin countries. The outdated technology in the cash transactions and data systems provides poor quality of services to the commuters. We strive to provide clients with the utmost quality of service and customized smart city