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Keyfuels looks to raise fuel card fraud awareness

By / 11 years ago / Latest News / No Comments

Although overall car crime has fallen by 57% since 1995, according to Home Office figures, Keyfuels says that fuel card fraud has soared by more than 6% over the past two years, claiming an extra three million victims.

Keyfuels, which runs the largest independent bunkering network in the UK for HGVs and LCVs, has developed a range of card security systems to help prevent fleet businesses falling victim to card fraud. These include On Line Authorisation (OLA) technology, which captures fuel card data in real time, 24/7, so any irregular transactions are highlighted straight away and fleet managers can act quickly.
Peter Bridgen, managing director of Keyfuels, said: 'Fleet managers should ensure their fuel cards have the necessary security features or fraud could end up costing their business a great deal of money. Sadly fuel card crime is on the rise and fleet businesses need to take extra precautions to ensure they don’t end up becoming a victim. Keyfuels fuel cards have a number of security features which flag up irregular fuel transactions as they happen, so the customer is not waiting 2-3 days before they’re made aware of fraudulent use.”
In addition to OLA, Keyfuels also provides its fleet business customers with Management Information Reports that demonstrate the fuel usage of individual vehicles as well as their expected mpg. This is imperative in alerting managers to irregularities in fuel usage.
Mr Bridgen added: 'Management Information Reports can tighten efficiency by up to 10% as well as highlighting any subtle irregularities caused by fraudulent activity and/or training requirements for drivers.'

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