Citi has rolled out its new Citi Fleet Card in Europe and the UK, with a brand new answer that brings collectively a contactless-enabled card with a cell program. Kao EMEA’s U.Okay. Salon division was among the many first Citi prospects to go surfing with the providing, in accordance with a Thursday (Dec. 17) announcement.
Trudy Curtis, EMEA head of business playing cards at Citi Treasury and Commerce Options, stated within the announcement that firm automotive drivers may traditionally simply select between closed-loop gasoline networks. In that case, each gasoline card may very well be used at just one model.
“Our answer liberates them from the effort of carrying a number of gasoline playing cards, within the course of not solely saving money and time, but additionally lowering gasoline consumption by avoiding pointless detours trying to find a particular gasoline pump,” Curtis stated within the announcement.
The Citi Fleet Card offers a cell program that asks drivers to enter mileage info in lieu of requiring them to enter that information at a point-of-sale (POS) system after they make funds for fuel. The cell program comes with GPS-based monitoring, which lets individuals who drive for enterprise set instances on the app to file their journeys, eliminating the paperwork related with recording company journey.
For companies, the cardboard offers centralized reporting that brings totally different information sources collectively into one administration dashboard. Citi additionally famous that information administration instruments will be easily related with enterprise useful resource planning (ERP) applied sciences.
Additionally, program managers have entry to versatile controls for in-the-moment card blocking and authorization of card customers, amongst different options. Furthermore, fleet managers don’t need to take care of totally different gasoline card corporations to cowl Europe and the U.Okay.
Citi has roughly 200 million shopper accounts and conducts enterprise in additional than 160 nations and jurisdictions.
NEW PYMNTS STUDY: HOW LOCATION DATA CAN HELP BANKS PREVENT ONLINE FRAUD
The November 2020 research How Location Knowledge Can Assist Banks Forestall On-line Fraud, PYMNTS surveyed a balanced panel of two,141 U.S. customers who personal cell units and use credit score or debit playing cards no less than month-to-month. The research examined their willingness to share cell location information with FIs to maintain their accounts protected in addition to their curiosity in switching to banks that leverage geolocation instruments to forestall fraud.