Q. How can GPS vehicle tracking lower my insurance premiums?
A. While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater...
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A. Mobile fuel payments are more secure than the physical card swipe because, with mobile, there’s no physical contact between the card and the fueling terminal. So, there’s no way for the information on your card to be swiped, so to speak.
That’s the short answer. The longer answer is we’ve actually perfected the card swipe to massively cut down on counterfeit fraud. So, swipe is still good. And chip, which is also coming, will provide card payments with even more enhanced security.
Mobile payments are really an evolution of all the payment control technology that went into swiped and chipped fleet cards. In other words, with mobile, you still are able to control transactions by day, dollar amount, vehicle, and dozens of other variables. You still get great reporting that lets you see trends. You can still capture receipts electronically.
But mobile will get you additional security benefits over the card, such as biometric controls on a driver’s phone that prevent card sharing, odometer readings that are much more accurate, a transaction that’s not dependent on the card being at the pump, so there’s less chance of card loss or mismanagement, and more.
We like to say WEX Fleet DriverDash – now accepted at 25,000 Exxon, Mobil and Shell stations nationwide, with additional acceptance announcements coming soon – is the “next evolution of your fuel card.” That’s because it borrows so much core technology, particularly around Level 3 data and transaction authorization, from our proprietary WEX acceptance network that has more than 95% acceptance nationally.
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A. While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater...
A. The latest fleet management solutions will take advantage of the Internet of Things (IoT) to provide fleet operators a wide range of benefits over the lifetime of their vehicles. These could include seamless payments, reduced fuel spend, driving analytics...
A. Drivers are often at the backbone of your daily operations, so it’s important to keep them satisfied and loyal to your business, especially given recruitment challenges that appear to be getting tougher. So, companies need every advantage to help drivers overcome challenges and eliminate some of the obstacles out on the road. One way they can do that...
A. When many people think of automation, they think of self-driving; however, automation is everything from robotics in logistics to automated payment software—both of which help the fleet industry progress and its partners succeed. The innovation behind WEX’s Fleet One Factoring helps partners keep...
A. Adding telematics to your fleet card lets you monitor operations almost second-by-second, to spot performance outliers and inefficiencies that often go unseen from just a fuel file or activity report. So, this helps government fleet managers get more out of...
A. Beyond the big one – a shortage of drivers -- three common challenges fleet managers tell us about: overabundance of administrative tasks, rising cost of fuel, lack of transparency in their business operations. WEX can help overcome all these. That’s why fleet...
A. Customization is the future. It’s true in many retail industries and we’re already seeing that with many of our customers. They don’t necessarily want high-technology. They just want the right...
A. Yes. In June, WEX and ChargePoint announced a merchant agreement we believe will expand electic vehicle charging to fleets throughout the U.S. Now, up to 11 million WEX Fleet cardholders can pay for charges at more than 66,000 places to charge on the ChargePoint network. We tested and developed...
A. It’s an umbrella term that really encompasses a lot, depending on who is speaking. Is it driver assist technology? Is it autonomous vehicles? Navigation and traffic apps? EV charging? Payments? Emergency road service? It’s all of those things, and will become...
A. WEX got started by creating a number of different technological controls to help companies with vehicles manage their fuel spend, and we attended a Connected Car conference in southern California in June to showcase how...
A. Well, we’re already there with many of our products. Things like telematics -- collecting the data and helping to reduce accidents and help driver safety, optimizing routes, those kinds of things – have been in our arsenal for a while, about 17 years. DriverDash is a mobile fuel payments platform now...
A. Partnership has been a core WEX value forever. And some of the legacy partners that we have are evolving, so those partnerships are looking and feeling a little different as everyone continues to evolve their products. We had a discussion with one of our big, long-standing FMC partners, and traditionally it's been supplying cards and fuel management service to their customers. But as they're starting to develop different mobile applications...
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