Cardless Fuel Payment Solution
Element Fleet Management has launched Element Pay, a cardless payment solution from Element Mobility that helps fleets maximize fuel savings, prevent fraud and eliminate physical fuel cards.
Unlike conventional fuel cards, Element Pay uses the vehicle to initiate and authorize direct-pay transactions. The vehicle is the payment.
With this vehicle verification technology, Element Pay brings fuel savings, fraud prevention, and spending controls directly into the payment process, helping fleets prevent unnecessary costs before they occur, rather than simply identifying them afterward. The solution combines digital payments, spending controls and real-time transaction information.
Element Pay can guide drivers to lower-priced fuel stations, set spending limits and reduce unnecessary purchases. It can prevent fuel fraud by linking purchases to vehicles, blocking unauthorized transactions that fail applicable vehicle verification and spending requirements, and flagging suspicious activity. Up to 12% of fuel spending could be at risk of fraud, highlighting the opportunity to prevent unnecessary spending before it occurs.
Element Pay connects fuel purchases directly to vehicles rather than physical fuel cards. Drivers can pay through the Element Pay app using direct pay or tap to pay at supported stations. With direct pay, the vehicle initiates and authorizes the transaction following the required verification checks. A driver cannot independently authorize a payment without the associated vehicle being authenticated. Tap to pay provides an additional digital payment option where direct pay is not available.
