Preventing fleet card fraud

8 ways to prevent fleet card fraud and abuse

Fleet card fraud and employee misuse present an ongoing risk for fleet operations and company budgets.

Deactivate cards when not being used and report unauthorized use immediately.

Disable cards when employees turn them in and report any suspicious use as soon as you learn about it.

Implement transaction controls.

Simple controls, such as spending limits on active cards and geographic boundaries for transactions, can ensure that employees use fleet cards for their intended purpose.

Leverage telematics to spot unusual behavior and trends.

Fleet cards and fleet management platforms allows organizations to track fuel consumption and driver behavior.

Review transaction reports monthly and between billing cycles.

Accessing real-time data enables fleet managers to review spending as it happens and take action when something seems off track.

Keep driver records current.

Maintain updated information about your employees’ driving history, including data about license status, traffic violations, medical restrictions and accidents.

Educate employees about misuse and fraud prevention.

Help employees understand the parameters of misuse and call out the potential consequences of misuse and fraud.

Follow up on fraud claims quickly.

Promptly follow up on fraud claims so that you can spot trends or patterns before they become widespread or cause significant damage.

Find a reliable fleet program provider.

A strong relationship with your fleet management vendor provides access to support, guidance and expertise.

Fraud, misuse and the bottom line

Learn why fleet managers must embrace technology to protect their fleet spend.

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Your second line of defense

Fleet managers play a key role in keeping fraud and misuse at bay through effective monitoring of card data. Voyager Fleet Card customers receive real-time alerts and controls that can limit transactions based on number per day, time of day, dollars per week, ZIP code and merchant, among others.

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Disclosures

The creditor and issuer of U.S. Bank charge cards is U.S. Bank National Association, pursuant to separate licenses from Visa U.S.A., Inc., and Mastercard® International Inc.

Notice: Foreign-denominated transactions are subject to foreign currency exchange risk. Customers are not protected against foreign currency exchange rate fluctuations by FDIC insurance, or any other insurance or guaranty program.

The foregoing products are available solely for business transactions and not for personal, family or household transactions.