Under the terms of this new agreement, FleetCor is set to utilize its Global FleetNet fuel card processing system together with Visa Europe’s EMV standard chip and PIN technology to deliver new fuel card solutions across Visa Europe territories.
The companies plan to develop new fuel card propositions together with the first planned implementation in FleetCor’s Allstar business in the UK. Allstar is set to be the first to offer this Visa Europe chip and PIN technology in the commercial fuel card space.
In recent news, Visa Europe has revealed plans to cut its interbank fees for cross-border credit card payments and reform its rules following an anti-trust investigation by the European Commission.
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