Motive's New AI-Powered Fraud Controls to Prevent and Stop Fraud on the Spot

Motive announced new artificial intelligence (AI)-powered fraud controls that detect and prevent fraud before it happens.

“Nineteen percent of current fleet spend is lost to fraud or theft, leading to an average revenue loss of nearly $1 million per year for companies in the trucking, logistics, construction, oil and gas, and other sectors,” says VP, financial products Hemant Banavar. “The new capabilities introduce the most powerful fuel fraud detection capabilities on the market so fleet managers can reduce costs and focus on their business and their people.”

Key takeaways:

•  The new fraud controls integrate telematics data from the Motive platform to give fleet managers the precise data and controls they need to automatically detect and prevent fraud.
• Exclusively available to Motive Card customers, the new fraud controls enable businesses to customize spending limits, automatically decline suspicious transactions, and receive instant alerts for location discrepancies.
• AI-powered Vehicle & Spend Location Mismatch provides an essential layer of security against fraud, with new alerts and auto decline controls if the vehicle location does not match the fuel card transaction.
• Fuel Type & Spend Mismatch and Fuel Level & Spend Mismatch alerts allow fleet managers to detect transactions and take prompt action, such as decline the translation, lock the card, or block the merchant when the fuel level or type do not match the vehicle.
• Category Level Spend Limits allow customers to set transaction limits by merchant type, times of day, days of week, billing cycle, and transaction locations for more precise control over their spend.