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Payment Cards

Fuel payment provider FleetCor Technologies has joined the S&P 500 Index as one of 500 leading U.S. companies that combine to capture about 80% of the market capitalization. FleetCor shares trade on the NYSE under the ticker FLT.

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WEX to Issue Shell Fleet Fuel Cards

WEX, Inc. has struck an agreement with the holding company of Shell Oil Products to issue Shell-branded fuel payment cards to commercial fleets starting later this summer, the Portland, Maine-based payment provider has announced.

WEX, Citibank Added to GSA Fuel Card Contract

WEX, Inc. and Citibank N.A. have been authorized to provide card and payment services to federal agencies that manage fleet vehicles under a new contract for GSA SmartPay 3 that runs for 14 years, WEX has announced.

Fuel Card Fraud Is on the Increase

Since 2016, there has been an ongoing uptick in fuel card fraud. In light of this, it is important for companies to develop a fraud prevention strategy addressing misuse, slippage, and outright fraud.

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