B2B Payments

BP, TomTom Team For Fuel Card Telematics


The fleet card industry is increasingly taking to the use of telematics in an effort to provide greater visibility and control over fuel card spend. BP fuel cards are the latest to heighten their use of telematics, according to reports, with a new collaboration between BP and TomTom.

Reports late last week said BP and TomTom are launching BP FleetMove, a solution that combines the analysis of transactions on BP fuel cards with telematics from TomTom’s Telematics Service Platform, providing fleet managers with a single platform through which they can assess driver behavior.

“This is the first time BP and TomTom Telematics have created a partnership to combine different streams of data in this way — the fuel card will register fuel transactions and the telematics device will monitor the vehicle data,” said BP European Card Marketing & Operations Manager Koeno Siemons in a statement. “Combining these two elements allows BP fuel card customers to save time and reduce operating costs. The new app and fleet manager portal is just the start of what we will be launching in the coming months.”

According to their announcement, BP FleetMove will target time and money wasted from fleet managers manually assessing driver behavior and spend patterns. The technology uses a plug-and-play strategy to enable drivers to not only have their cars synced up to systems, but to wirelessly connect to smartphones too. A mobile app enables drivers to access critical information and receive feedback on their performance, while managers can better assess how fleets can save money.

“We are committed to the ongoing development of our connected car strategy — taking data and creating practical and workable insights for companies,” said Thomas Becher, BP Business Development at TomTom Telematics, in another statement. “What we are doing with BP is a prime example of this. We have taken advantage of our open platform to create a brand new user interface that provides data to the business owner and driver in a comprehensible and usable format that helps to make their companies more efficient.”



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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