The true, long-term impact of the COVID-19 pandemic on many industries is still uncertain; however, within the fleet and fuel payments ecosystem space, the pandemic has acted as an accelerant for the implementation of strategic digital initiatives and innovation.
Building a greener and more sustainable economy means consumers need to change how they consume, and businesses need to change how they produce and adapt their offerings to better meet consumer demand. . However, the rise of climate awareness and the need to ‘go green’ and take responsibility for our surroundings has affected some industries more than others.
Utilising ai's world-leading fuel payments platform, aiEazyFuel®, and Ignixxion's cutting-edge cloud digital fleet platform, the new solution will enable payments providers and fuel card issuers to offer their fleet customers the choice of purchasing and paying for their fuel and other vehicle and driver-related expenses from any retailer, anywhere, at any time.
Our research has shown that fleet card fraud has continued to rise due to the COVID-19 pandemic. With the most common type of fleet card fraud being counterfeit card fraud, such as copied/skimmed cards. Most cases of fleet card fraud are carried out for financial gain, but there are several reasons why criminals target fleets.
As Covid-19 cases grew and lockdowns were introduced in March this year, European road passenger transport dropped by 50%, while aviation activity shrank by 90%. These factors, alongside shrinking global economic activity, have contributed to a decline in the number of transactions being made on fuel cards.
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