B2B Payments

New Fleet Card Jumps On Lower Gas Prices

CSI global-fleet is adding another commercial card service to the company’s portfolio. Reports on Friday (Jan. 22) said the CSI globalVCard unit is rolling out its Over the Road (OTR) fuel card service for the freight trucking industry.

According to the company, the card can provide more comprehensive solutions for freight drivers and managers than a traditional credit card product can. A top differentiator for the trucking fleet industry is fuel prices, and the recent decline in diesel costs, the firm said, means this is a prime time for fleet managers to take advantage of cost optimization.

[bctt tweet=”This is a prime time for fleet managers to take advantage of cost optimization.”]

“This is an ideal time for global-fleet to launch a new card program that offers hardworking truck drivers not only fuel benefits but also the ability to manage many aspects of their business, all from one card,” said CSI global-fleet President Keith Stone. “We’re eager to bring these benefits to the marketplace and provide this important industry with the tools needed to operate more efficiently and maximize their times on the road.”

CSI global-fleet said the new OTR card is accepted throughout the U.S. among 99 percent of all truck stops. It offers discounts on fuel without transaction fees and provides a factoring solution so businesses can access working capital.

The card also links drivers with temporary permits and on-the-road driver services for emergencies and maintenance, reports said. Like other fleet cards offered by CSI, the OTR card links to telematics to monitor fuel and driver behavior.

The rollout of the card follows last year’s launch by CSI globalVCard of its virtual card solution for the health care sector. The product launched as a result of the company’s partnership with procure-to-pay firm BirchStreet and allows players in the health care sector to pay suppliers that are already operating through the BirchStreet platform.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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