Q. Is fraud control improving with the newest generation of fleet cards?
A. Fraud control is a partnership between industry and suppliers like WEX who want to make it easier to control all costs, including unauthorized ones...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint. We continue to build out that network. We’ve got customers and partners who have electric vehicles and need to have charging facilities. We do business with the Federal Government and the Department of Energy is a customer of ours and we’ve got a huge push. The GSA (General Services Administration) also has got a huge push for EVs. A lot of the needs are related to the infrastructure: Where can you find these charging locations? What’s the charge time? What’s the battery life? I think our role is to allow people to get the charge reported back and settled. And we help companies establish where they should put charging stations, based on where we know our customers have EVs.
We’ve had conversations with these stakeholders, the same way we have had these with alternative fuels such as CNG (Compressed Natural Gas). The charging stations represent an interesting dilemma in that it’s probably not going to be your traditional gas station that will put a charging station and have vehicles there 30 minutes or an hour. It’s going to be somewhere else.
Is the value chain the same as in fuel?
The value chain is certainly different in that we’re not trying to find the best charging rates for fleets the way we would with fuel. Now it is just about getting the network set up.
That’s what our value proposition is today. Very much the way it was 30 years ago when we started WEX. First, we want to help vehicles get a charge and then we’ll try and optimize that experience.
Senior Vice President and General Manager
A. Fraud control is a partnership between industry and suppliers like WEX who want to make it easier to control all costs, including unauthorized ones...
A. Right now, they can’t. That’s why you don’t see this application in the market – and probably won’t for a while. Within a decade you might see some sort of real-world application, but it’s still early...
A. Demand for EV charging is definitely growing. EV sales in the U.S. increased 21 percent from 2016 to 2017, with 26 consecutive months of year-over-year increases...
A. Many are. Because of the vast increase in computing power, we now carry in our pockets the ability to do almost everything our old desktop computers did, with fewer exceptions every day...
A. Fleets are primed for technological change for sure, but it’s right to ask: When the future fleet arrives, will it be an improvement?...
A. The biggest challenges -- the ones that are holding back market innovations -- are technical...
A. Sanity. While the road to future fleet will be paved with partnerships, it will be dominated by data. Lots of it...
A. The single biggest mistake we see is to view parts of your fleet operation independent of each other...
A. Saving money at the pump can simply mean changing a few habits before you get behind the wheel. For example, fixing a vehicle that’s in need of...
A. Alternative-fuel and electric vehicles have been the talk for a few years now. As technology continues to advance, we’re seeing more trusted auto brands producing fuel alternative options. Audi, Porsche, Cummins and even Harley Davidson have all entered the alternative fuel market. Some OEMs and consumers are...
A. The in-vehicle technology now available has ushered in a paradigm shift in the way we view cars — no longer just as a means of transportation or as an asset, but as an information platform. You still need to...
A. Applications such as DriverDash, the evolution of fleet fuel cards that came out last summer, create controls that can reduce fraud incidences and other problems that can occur as a result of fuel transactions. Companies that use WEX fuel cards are also helping to prevent...
A. Exchanging data across national lines can be difficult because some countries have laws that prohibit this, for various reasons. But there are plenty of ways to share aggregated data. Our ClearView technology offers...
A. If someone told you 10 years ago you would be able to pay for things with your phone, or your dashboard, you wouldn’t have believed it. Fast-forward to 2019, and the technology...
A. In 2016, WEX acquired Electronic Funds Source LLC (EFS), a provider of customized corporate payment solutions for fleet and corporate customers with a focus on the large and midsized over-the-road (OTR) segments. As EFS became a part of the WEX family, it’s helped diversify WEX’s payments offerings, adding...
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In