Pay With Points For Fuel!
Real-Time Fuel Discount
Get a cash discount on gasoline right at the pump as you fuel up your car.
What Is Pay With Points At The Pump
Velocity’s Fuel Redemption is a real-time rewards option that applies a cash discount to every gallon of gas as you fuel up at the pump.
Velocity experience is unique, offering cardholders nationwide an immediate per-gallon discount right at the pump—just select the option on gas pump’s screen, and enjoy instant per gallon savings.
Unlike traditional programs that require point accumulation, Velocity’s Fuel Program immediate discount is visible on the pump display, ensuring you enjoy savings without the hassle.
How Does It Work?
Simply drive up to a participating pump, insert your card, select the option to apply the gas discount on the screen – and see the immediate discount applied on the pump display. Enjoy the convenience of a real-time per-gallon discount applied as you fuel up.
- Nationwide coverage and growing. We have over 7,000 sites enabled and growing daily.
- Available to all US cardholders, currently used by 5MM cardholders of 1200 US banks
- Debit or credit card option
Why Now?
- The price of fuel has increased over 50% over the past 4 years with fuel being the 2nd largest expense for an average American household.
- As fuel prices are increasing, more Consumers prefer fuel savings over other types of rewards, such as cash-back.
- 62% of Consumers mentioned that they actively compare prices when looking for fuel and participate on average in 2.5 reward programs involving fuel.
Our Technology
Velocity’s Technology Platform connects banks with a nationwide fuel network in real-time, enabling the unique capability to pay with points directly at the pump, just like with cash. Our POS system is integrated with a rewards program, allowing cardholders to use their reward points in real time – applying cents off per gallon instantly. This technology provides:
- a straightforward consumer experience
- on-the-spot savings
- streamlined checkout process
- instant gratification
Benefits to Banks
Real-time at the pump points usage is an innovative benefit that delights cardholders with a clear feeling of value applied to a significant monthly expense.
Frequent gas purchases at a lower price bring meaningful value to consumers in their everyday lives.
Since only a small amount of points is required to deliver this benefit, such micro redemption can be run for each gas purchase.
- Cardholders expect innovation – this new real-time redemption technology gives the freedom and flexibility consumers crave.
- Connecting this daily value to your bank’s card in cardholders’ wallets increases the value perception of your brand.
- Frequent usage of points increases per transaction spent, and allows to reduce the overall bank held unredeemed points liability.
Schedule Your Demo Today
Schedule a demo today to discover how our nationwide real-time rewards redemption platform can bring a unique shopping experience to your cardholders.
