Q. How can GPS vehicle tracking lower my insurance premiums?
A. While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater...
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A. I think down the road everybody probably assumes that we end up in a cardless society. You will have some sort of a device that will host all of this information. However, between here and there, the road can be quite long and winding. You need to have other players involved to make that happen. I need to have a Point of Sale device that is activated by that mobile device and can transmit that data to me. So there’s a lot of work that needs to be done, even if you just think of the fueling locations. There are 160,000 locations across the country that need to have some sort of upgrades to their current POS devices to allow these transactions to occur. And we’ll get there. You need to have all pieces coming to play. It’s like the EMV, the standard for chip-enabled cards. We’ve all been to these retail locations with the sign that says “swipe your card” because they don’t have a chip reader yet.
Senior Vice President and General Manager
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A. While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater...
A. The latest fleet management solutions will take advantage of the Internet of Things (IoT) to provide fleet operators a wide range of benefits over the lifetime of their vehicles. These could include seamless payments, reduced fuel spend, driving analytics...
A. Drivers are often at the backbone of your daily operations, so it’s important to keep them satisfied and loyal to your business, especially given recruitment challenges that appear to be getting tougher. So, companies need every advantage to help drivers overcome challenges and eliminate some of the obstacles out on the road. One way they can do that...
A. When many people think of automation, they think of self-driving; however, automation is everything from robotics in logistics to automated payment software—both of which help the fleet industry progress and its partners succeed. The innovation behind WEX’s Fleet One Factoring helps partners keep...
A. Adding telematics to your fleet card lets you monitor operations almost second-by-second, to spot performance outliers and inefficiencies that often go unseen from just a fuel file or activity report. So, this helps government fleet managers get more out of...
A. Beyond the big one – a shortage of drivers -- three common challenges fleet managers tell us about: overabundance of administrative tasks, rising cost of fuel, lack of transparency in their business operations. WEX can help overcome all these. That’s why fleet...
A. Customization is the future. It’s true in many retail industries and we’re already seeing that with many of our customers. They don’t necessarily want high-technology. They just want the right...
A. Mobile fuel payments are more secure than the physical card swipe because, with mobile, there’s no physical contact between the card and the fueling terminal. So, there’s no way for the information on your card to be swiped, so to speak. That’s the short answer. The longer answer is...
A. Yes. In June, WEX and ChargePoint announced a merchant agreement we believe will expand electic vehicle charging to fleets throughout the U.S. Now, up to 11 million WEX Fleet cardholders can pay for charges at more than 66,000 places to charge on the ChargePoint network. We tested and developed...
A. It’s an umbrella term that really encompasses a lot, depending on who is speaking. Is it driver assist technology? Is it autonomous vehicles? Navigation and traffic apps? EV charging? Payments? Emergency road service? It’s all of those things, and will become...
A. WEX got started by creating a number of different technological controls to help companies with vehicles manage their fuel spend, and we attended a Connected Car conference in southern California in June to showcase how...
A. Well, we’re already there with many of our products. Things like telematics -- collecting the data and helping to reduce accidents and help driver safety, optimizing routes, those kinds of things – have been in our arsenal for a while, about 17 years. DriverDash is a mobile fuel payments platform now...
A. Partnership has been a core WEX value forever. And some of the legacy partners that we have are evolving, so those partnerships are looking and feeling a little different as everyone continues to evolve their products. We had a discussion with one of our big, long-standing FMC partners, and traditionally it's been supplying cards and fuel management service to their customers. But as they're starting to develop different mobile applications...
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