Closed-loop network delivers what bank cards can’t.
Closed-loop network fleet cards like WEX were designed for one purpose: to help your business fuel vehicles and limit exposure to unauthorized purchases. Unlike most bank cards, generic credit card or cash, you can put greater restrictions on purchases, and realize more efficient reporting, freeing up administrative resources.
- Control the type of merchant where the card can be used.
- Control the type of products the card can be used to purchase.
- Put restrictions on hours of the day, days of the week, dollar amount, and frequency of purchase.
Level 3 Data. Courtesy of the WEX Network
Level 3 data capture is one of the fundamental ways that fleet operators are able to better identify and more effectively rein in costs. Data from fuel purchases made over the WEX proprietary network provides a greater level of detail than any other consumer debit or credit card can offer.
Capturing accurate Vehicle Identification Numbers (VIN) driver ID information and odometer readings are all critical to today’s fleet operations – and invaluable input data to enhance fleet activity reporting, expense tracking and billing.
Support for Alternative Fuels
Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must. The network of alternative fuel locations is doubling each year — from electric charging stations to CNG. Ensure you can make strategic decisions about your fleet’s make-up — and be able to fuel next-generation vehicles.