Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think you will get both. It’s going to take a lot of time to change to just one solution.
Think about the day when you used to go through a toll booth and you handed somebody money. Then we moved to the basket where you threw the cash in. And we moved to E-ZPass. But there are still toll booths that have all three of them.
If you think about that, if you think about the replacement cycle of vehicles, if you think about the replacement cycle of POS devices, you’re 10 to 15 years out before we’ll be at the point there’s a critical mass to move to just one solution.
In that interim period, you might have some vehicles that may issue payments, some mobile devices that issue payments and you may still have a card as a backup, because the device may not be able to register, you may not have cell coverage. I think there will be a slow migration.
In the end, there will still be a need to track the asset. So there’s still a benefit to connect to the vehicle. Same for diagnostics. So it might go the other way, where all my address book is in my dash, so why wouldn’t my payments be there as well? So the car could have access to the phone’s payment solution. The car becomes the gateway.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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