Cashplus: Prepaid Cards to Make Refuelling Easier for Fleet Drivers

LONDON--()--For fleet managers, one of the biggest challenges is finding a cost-effective way for their drivers to pay for their vehicle’s fuel – wherever their travels take them. That’s because typical fuel cards are brand-tied to a particular chain. So if a driver’s holding a fuel card for ‘Garage A’, but needs to fill-up in an area where the fuel stations are mainly ‘Garage B’, they could have a big problem.

Then there’s the costly issue of expense claim fraud. Research by Software Europe revealed that around 5% of all expense claims are either completely fictitious or are exaggerated, which can be a serious drain on a company’s resources.

A prepaid card is the answer for many fleet managers and their drivers, as these cards provide access to fuel from any petrol station that accepts MasterCard® – that’s thousands of locations right across the UK and Europe. And as for the issue of fraud, prepaid cards such as those provided by Cashplus, come with free 24/7 online access to real-time transactions and balance. And that increased control should be a significant help in reducing the risk of fraud.

Being able to view the card’s transactions via statements online also makes reconciling expenses more efficient, and cuts down the time and money spent on administration.

What’s more, the convenience that prepaid cards offer doesn’t end there… at the fleet manager’s discretion, the card could be set up to allow out of pocket expenses – such as garage, breakdown and recovery bills or even unexpected hotel bills if a journey has to be extended.

Prepaid cards such as the Cashplus prepaid Gold MasterCard are also very cost-effective; they are topped up with the company’s money, so there’s no interest to pay, no unexpected fees and no late payment penalties. As the money is loaded upfront, outstanding fuel expenses can’t mount up, making it easier to stay on top of outgoings.

Prepaid cards can be ordered in minutes online without having to fill-in mountains of paperwork. And being prepaid, there are no credit checks needed – whatever the ups and downs of a company’s balance sheet. In fact, as long as the main cardholder is 18 and the company is based in the UK, acceptance is guaranteed. So after filling in and submitting the online application form, fleet drivers could be holding a prestigious looking Cashplus prepaid Gold MasterCard in as little as three working days.

So if you’re looking for a more convenient and cost-effective way for your fleet drivers to pay for fuel and other travel expenses – wherever business takes them – prepaid cards could well be the way forward.

http://www.personneltoday.com/articles/2007/01/23/38978/fraud-squad-what-can-employers-do-about-fraudulent-expense.html

Contacts

Kezia Bibby
01237 704434

Release Summary

A prepaid card is the answer for many fleet managers and their drivers, as these cards provide access to fuel from any petrol station that accepts MasterCard®.

Contacts

Kezia Bibby
01237 704434