Exxon and Mobil gas stations now accepts payment directly from fleets connected to the pump through Car IQ Pay, a technology that eliminates the need for physical credit cards, PIN numbers or vehicle odometer readings.
The platform streamlines reporting and eradicates the need for time-consuming backoffice reconciliation because it eliminates multiple expense reports from drivers, according to the company.
ExxonMobil’s acceptance of Car IQ Pay at Exxon and Mobil stations gives fleet customers more options when it comes to fueling and paying with their vehicles.
“We are excited about the opportunity with Car IQ’s unique service offering,” said Scott Waite, commercial programs manager of ExxonMobil Fuels. “This game-changing technology mitigates risk with each transaction, reducing fraud, chargebacks and disputes and provides huge marketing opportunities.’’
With secure transactions, service providers are able to automatically initiate and complete payments for vehicle-related expenses including fueling, tolls and more, according to the company. The streamlined payment solution also provides opportunities for merchants to embrace new, technology forward marketing opportunities.
“Adding Exxon and Mobil stations to the Car IQ acceptance network is a significant addition. It provides vast coverage for our fleet partners,” said Sterling Pratz, CEO of Car IQ. “With Car IQ, fleet vehicles can connect directly to thousands of Exxon and Mobil fuel pumps nationwide and pay for fuel and other services with our technology. Each payment is completed without the hassles of a credit card, which is a major relief for fleet owners and managers.”
Founded in 2017, Car IQ Pay, is powered by Visa and allows vehicles to automatically initiate and complete payments for services ranging from fueling, toll management and paid parking, EV charging and more. Car IQ is accepted at fuel stations nationwide.
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