The product has been developed together with Visa and is an extension of the recently signed strategic partnership between the two companies.
The fleet solution combines management, tracking and reporting tools with the ability to authorize, manage and pay securely for services like fuel, fleet maintenance, accommodation and food. As the whole solution is built onto Visa’s open loop cards, the product can be used within the whole Visa network – without the technical limitations of closed and proprietary networks.
The solution will be rolled out in countries in the Central & Eastern Europe, Middle East and Africa (CEMEA) region first.
Wirecard’s platform also allows for real-time processing and administration of added information such as literage, mileage, productivity and maintenance cycles to card limits and spending patterns at multiple merchants. Beside the fleet management capabilities, the cards can also flexibly be used by drivers to pay for accommodation or unforeseen expenses such as repairs. At the same time, the fleet manager stays in control and is able to allow or disallow payments in real-time.
For more information about Wirecard, please visit our online payments company database.
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