Toll Collect Commissions Computop with Payment Processing of German Truck Tolls
- 31.03.2023 09:50 am
The international payment service provider Computop will in future handle the payment processing of Toll Collect customers' truck tolls. The company, headquartered in Bamberg, Germany, has won the Europe-wide tender for "technical services in electronic payment transactions" of the operating company Toll Collect GmbH.
Toll Collect has transferred more than 85 billion euros to the federal budget since the start of the HGV toll in 2005. Around 85 per cent of the revenue is currently collected on the basis of card payments. This business will be completely migrated to Computop by 2024. Customers can log in via the automatic procedure using the on-board unit, the customer portal www.toll-collect.de or the Toll Collect app. The payment process is exclusively digital.
26 FLEET CARDS MAKE UP THE MAIN SHARE
Computop has already been involved in the payment processing of the HGV toll since 2016, and for the implementation of the new contract, it is linking up a further 16 European fleet cards to the 10 already existing ones. This portfolio covers around 95 per cent of the entire fleet card market. In addition, there is a payment option via the relevant credit cards. Toll Collect expects a total volume of around 240 million transactions per year.
The new contract with Computop will initially run for four years and includes an option to extend. Computop is Toll Collect's prospective partner for the future integration of further e-commerce payment methods.
Ingo Knütter, Project Manager Payment, Toll Collect: "With payment processing through Computop, we are creating modern processes for our customers, around 225,000 transport and logistics companies from more than 40 countries, with around 1.2 million trucks. Based on the good experience we have had working with Computop for more than five years, we are looking forward to further developing frictionless payment together."
Stephan Kück, Managing Director of Computop, added: "Through the deepend cooperation with Toll Collect, we will significantly expand our offering in the area of toll, fleet cards and mobility. The transaction volume represents pleasing growth for our payment platform Computop Paygate. With the announced extension of the HGV toll to vehicles over 3.5 tonnes, we expect volumes to increase further."
The plan is for the following fleet cards to be integrated into the Computop Paygate payment platform by the end of 2024:
Aral / BP
AS24 / Total Energies
Hoyer Card Europe
ENI / Agip
Mercedes Service Card