Element Fleet Management Corp. launched Element Pay, a cardless payment solution that helps fleets maximize fuel savings, prevent fraud, and eliminate physical fuel cards.
"Every fuel purchase is an opportunity to save money, but too often fleets don't have the tools to act before that money is spent," says Oliver Hahn, head of Element Mobility. "Element Pay changes that, making it easier for clients to control costs, prevent unnecessary spending, and see the results in their bottom line."
Key takeaways:
· Element Pay uses the vehicle to initiate and authorize direct-pay transactions. The vehicle is the payment.
· The solution combines digital payments, spending controls, and real-time transaction information.
· 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.
· Behind the scenes, fleet teams can see transactions in real time, set spending rules, and automatically match digital receipts to purchases to identify unauthorized activity and reduce admin work. Connected vehicle data can provide additional checks, but telematics is not required.
· Element Pay currently provides access to more than 85,000 supported fueling locations across the United States.
