Imagine one day, while you are checking a driver’s fuel card statements from the previous month, you notice some suspicious transactions. Someone made purchases in Texas, but you know your driver — who is the only other person besides you with authorized card access — was in Missouri that day.
Somehow, an unknown person got ahold of one of your fuel cards and the personal identification number (PIN) attached to it. The fraudster’s spending spree has racked up thousands of dollars and left you to foot the bill.
Your business has become a victim of fraud; therefore, preventing your driver from purchasing fuel using that account until it is resolved.
A fuel card, also referred to as a fleet card, is a convenient and essential tool that allows a driver to purchase fuel and in some cases pay for truck maintenance or travel expenses while on the road.
For fleet owners, fuel cards offer numerous advantages over credit cards, including fuel discounts, tighter and customized controls, and real-time reports.
Unfortunately, the same tactics thieves use to steal credit cards are often how they can gain access to your fuel card data.
Credit card fraud is on the rise. According to Federal Trade Commission data, it is the most common type of identity theft in the U.S., with 338,684 reports over the first three quarters of 2022, up more than 17% compared to the same time frame in 2021.
Thieves are constantly evolving their methods to catch would-be…
