Vehicles Can Be Fleet Cards

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Vehicles Can Be Fleet Cards

Proprietary identity management technology from Car IQ can turn a car or truck into a vehicle that transacts directly with a merchant for payment of fuel, repairs, parking, tolls and more, replacing the use of a fleet credit card. The company’s wallet connects to a vehicle’s telematics platform and is activated via the cloud and geofencing when entering a fuel outlet. Car IQ’s AI-based system scans a vehicle for static and live data every time a payment is about to be made. A bank or other credit provider is alerted that a transaction authorization will soon be requested. Unlike fl...

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Nilson Report

1227

September 2022

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