Comdata Introduces Vehicle Location-Based Authorization to Help Combat Fleet Fuel Fraud
Brentwood, Tennessee - Oct 15, 2020
Comdata Inc., a FLEETCOR company and world leader in payment innovation solutions, today launched the next generation of Enhanced Authorization Controls, a digital solution that helps prevent fuel fraud in the fleet industry. For decades, Comdata’s Enhanced Authorization Controls have helped limit and prevent both driver and third party fuel fraud losses. The latest evolution of this system now combines real-time truck location, tank capacity, and tank level data into the fuel card authorization process to help prevent financial losses related to card fraud and driver theft.
“The trucking industry is especially vulnerable to fraud at the pump, costing businesses millions of dollars each year,” said Eric Dowdell, president of North America trucking for Comdata. “Our enhanced authorization system is reliable and trusted, and we look forward to enhancing these capabilities over time to help meet the evolving needs of our customers.”
This new product feature makes the ‘invisible, visible’ by integrating real-time GPS/ELD vehicle location, merchant location, and vehicle diagnostic data seamlessly with Comdata’s fuel card authorization platform to help detect and prevent driver misuse and fraud. Fleet managers can set customizable ‘decision rules’ that will automatically apply when the system is triggered by suspicious activity, such as buddy fueling, skimming, fuel theft, card counterfeiting and other illegal activity.
“Security and control is a top priority for fleet managers and our customers,” said Justin King, senior vice president of product and innovation for Comdata. “The combination of real-time data capture from the vehicle and our payment processing platform makes it that much easier for fleets to mitigate financial losses related to fraud and misuse.”
This new product feature is part of Comdata’s innovative fuel payment system, and is available to fuel card customers.
For more information, existing customers are encouraged to contact their representative, or inquiries may be made by directly calling 800-266-3282.
Comdata Inc., a FLEETCOR company, is a leading provider of innovative payment and operating technology that drives actionable insights from spending data, builds enhanced controls and positively impacts its clients’ bottom lines. The company partners with more than 30,000 businesses to better manage $55B in annual fleet, corporate purchasing, payroll and healthcare spending, making it one of the largest fuel card issuers and the second largest commercial MasterCard provider in the United States and Canada. Founded in 1969 and headquartered in Brentwood, Tennessee, Comdata employs more than 1,300 professionals across North America. To learn more about Comdata Inc. visit www.comdata.com.
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize and control payments to, or on behalf of, their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.