Monday, March 19th, 2018 — Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend.
In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports. These tactics cast a wide net of fraud over the fleet card industry from issuers and acquirers to fleet managers, employers and employees themselves.
Research published in 2016 from Shell found that nearly two-thirds of surveyed fleet managers cited fuel fraud as a major problem, with professionals acknowledging an array of weak points that expose a company to losses. More than a third cited lack of driver education, for example, as a barrier to heightened fraud detection 61 percent of fleet managers told Shell they are familiar with the latest fraud technologies, but just 30 percent of fleet drivers said the same.
The AI Method To Fighting Fleet Card Fraud
Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend.<br />In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports. These tactics cast a wide net of fraud over the fleet card industry — from issuers and acquirers to fleet managers, employers and employees themselves.