WEX has announced the general availability of SecureFuel for its North American fleet customers. This new capability uses detailed fleet card transaction data, real-time vehicle information, and advanced AI-powered models to identify and stop potentially unauthorized fuel purchases before they are approved.
SecureFuel combines WEX's proprietary closed-loop network covering ~95% of US fuel stations with telematics data and AI models to detect suspicious activity .
According to NAFA, fraud and misuse can drain as much as 12% of a business's total fuel spend .
The solution stops unauthorized fuel purchases before approval, reduces unnecessary card declines, and minimizes manual investigations .
WEX processes approximately 30 million fleet transactions each month, providing a strong data foundation for AI models .
SecureFuel is expected to begin rolling out to eligible customers on August 3 .
Customers can activate SecureFuel within WEXOnline using telematics from WEX or supported third-party providers like Geotab .
WEX, a global leader in intelligent payment solutions, today announced the general availability of SecureFuel for its North American fleet customers. This new capability uses detailed fleet card transaction data, real-time vehicle information, and advanced AI-powered models to identify and stop potentially unauthorized fuel purchases before they are approved .
"SecureFuel gives us a more complete view of each purchase, assisting customers stop unauthorized transactions without creating unnecessary disruption for drivers," said Carlos Carriedo, chief operating officer, Americas Payments and Mobility, WEX . "This capability is especially important in today's volatile fuel price market."
WEX announced the news at the third annual WEX North American Mobility Summit in Portland, Maine, a gathering of mobility industry leaders, including OEMs, fleet management companies, global energy providers, and commercial fleets .
According to the National Association of Fleet Managers (NAFA), fraud and misuse can drain as much as 12% of a business's total fuel spend, creating significant financial and operational challenges. Traditional card controls and telematics tools alone don't provide the full picture to track and prevent fraud .
The WEX proprietary, closed-loop network, which covers approximately 95% of US fuel stations, provides purchase details, including fuel quantity, fuel type, and merchant location. SecureFuel combines those results with telematics data, and WEX-designed, AI-powered fraud models to help identify suspicious activity more precisely while reducing the false positives .
SecureFuel builds on more than 40 years of WEX leadership in fleet card controls and approximately a decade of experience applying telematics data to fraud prevention in its over-the-road business. Now, WEX is bringing that experience to a broader range of commercial fleets across its mobility portfolio .
WEX processes approximately 30 million fleet transactions each month. That scale, combined with the depth of data available through its acceptance network, gives custom WEX AI models a strong foundation for identifying patterns and potential misuse .
SecureFuel adds real-time vehicle intelligence to that foundation, helping managers :
Stop unauthorized fuel purchases before they happen
Reduce unnecessary card declines
Minimize manual investigations and reconciliation
Confirm purchases using current vehicle location
Bring fleet card and telematics data into one workflow
Improve visibility into exceptions and attempted purchases
Customers can activate SecureFuel within the WEXOnline platform using telematics supplied by WEX or through supported third-party providers. WEX is a Geotab Premier Partner, enabling those with an existing Geotab solution to connect vehicle data to SecureFuel. Those that do not currently use telematics can obtain a supported solution through WEX, giving them one provider for payments, vehicle connectivity, and fraud prevention .
SecureFuel is expected to begin rolling out to eligible customers on August 3.
During the WEX North America Summit, WEX also previewed Actionable Insights, a new feature currently in beta testing. The solution uses AI to turn transaction, fleet, and payment data to surface actionable recommendations that can assist to identify savings opportunities, reduce waste, improve operational performance, and make more proactive decisions .
About WEX
WEX is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential .
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