Shaking hands business deal

Payzone to provide payments service for Fuel Distributors Association

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5 January 2015

Consumer payments network Payzone has signed a new agreement with the Fuel Distributors Association of Ireland (FDAI) that will allow member oil companies to offer their customers the ability to make payments in over 2,500 retail Payzone agent stores throughout the country.

Members of FDAI will provide customers with an account card which they can use to make payments towards their home oil heating costs. The move is part of the FDAI’s pledge to provide alternative and more convenient payment options for its home oil customers.

This agreement also gives FDAI member oil companies the capability to offer their customers a budgeting tool for saving toward their oil bills, an option that was not widely available previously. Filling up an oil tank can cost in the region of €750-€1,000 per fill with approximately two fills per annum, and the FDAI were looking for alternative ways for their member’s customers to be able to pay for their home heating and a way to budget effectively.

Jim Deignan, managing director, Payzone Ireland, said: “This agreement is a great addition to our already wide and varied consumer payments network and we look forward to developing our relationship with the FDAI as well as continuing our network growth and product portfolio in the coming year.”

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