This company provides payment processing solutions tailored for the logistics industry. Their platform streamlines financial transactions and offers tools to manage payments within the complex logistics ecosystem.
Funding
Funding not disclosed
Founders
Product
Problem
Fleet managers face challenges in controlling fuel costs due to fraud, inefficient card management, and limited visibility into driver spending habits. Traditional fleet cards can be easily misused, leading to unauthorized purchases and inflated fuel expenses. Reconciling fuel transactions and generating accurate reports also consumes significant administrative time.
Solution
Piston provides a cardless fuel payment solution for fleets, leveraging QR code technology and real-time transaction monitoring to prevent fraud and reduce fuel costs. The platform allows drivers to purchase fuel at partner gas stations by scanning a QR code, eliminating the need for physical cards and associated management overhead. Piston's system automatically applies rebates at the point of sale and provides fleet managers with detailed reporting and analytics through a centralized dashboard. By partnering with Piston, gas stations can attract new fleet customers and increase fuel sales while benefiting from guaranteed payments and reduced transaction fees.
Target Audience
The primary target audience includes fleet managers seeking to reduce fuel costs and prevent fraud, as well as gas station owners looking to attract new customers and increase fuel sales.
Features
- Cardless fuel payments via QR code scanning at participating gas stations
- Real-time transaction monitoring and automated fraud detection
- Instant application of fuel rebates at the time of purchase
- Centralized dashboard for fleet managers with detailed reporting and analytics
- Integration with gas station POS systems for seamless payment processing
- Mobile app for drivers to locate participating stations and manage fuel purchases
- Secure transaction processing with reduced credit risk for gas stations