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Fuel Management

The Changing Nature of Fleet Card Fraud

By WEX

In 2015, global losses from fraud on credit cards, debit cards, and prepaid cards topped $21.8 billion. There has been a tremendous amount of research conducted and awareness raised about consumer credit card fraud, but many of the conclusions don’t necessarily apply to the fleet space.

The purpose of this paper is to develop a better understanding of bank card vs. fleet card fraud, including:

  • Why fleets using bank cards are more vulnerable to fraud
  • Where most fleet card fraud originates
  • How to measure the total cost of fraud (TCF)
  • How managers can identify fraud and minimize reoccurrences

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