What is a fuel card?

also known as the Fleet card, the fuel card looks and works similarly to a credit card, but is primarily used to buy diesel, gasoline or other fuels. In some cases, these cards can also be used to pay repairs and regular maintenance of the vehicle to which they are assigned. The fuel card is usually owned by a fleet administrator and a separate card is provided to each driver. This card can undergo detailed reports on the owner of the fleet on how, when and where the card was used, helping to reduce and capture fraudulent activities. While today's fuel cards use modern credit card -based technology, fuel cards have not always been so comfortable, fraud -resistant or robust.

The fuel card virtually eliminates the fraud on behalf of the driver with detailed messages and restrictions. It is expected that without a fuel card, the driver will use a debit or credit card, cash or check either from each other or from the fleet owner. These options are open to all kinds belowof aqueous activities. For example, if Driver bought fuel at a gas station, but also went inside the store and added food to the overall account, there may be no way to find out which part of the purchase was food and which part of the purchase should be paid by the company.

In addition to special security, the main advantage of fuel cards is the ability to obtain discounted fuel. This is especially true if the fleet owner decides to issue a fuel card that only works with one fuel company. The discount provided by a small fleet is usually not as large as those given by a fleet with thousands of vehicles that must be regularly supported.

Fuel cards have existed since the 1960s, but they were time -consuming and more vulnerable to fraud when they were first introduced. Purchase with the required fuel card showing the card and providing the cashier name of the driver and the information about the spollerCentacle. When computers became popular, both CARD and fuel card accepted a magnetic strip for a card reader for scanning and authorization. Since then, fuel cards have become more safer, and fleet owners have gained the ability to see real -time purchases and reduce purchases to certain days or a certain time of day. In addition, the cards themselves became more robust because manufacturers realized frequent use to keep the card too much to read.