Finally there’s a new way to pay for your fleet - one that cuts fraud, saves you money, and lifts the burden of physical fuel cards. Welcome to Car IQ.
Making it easy for the driver makes it easy for you. The Car IQ Pay app gets rid of physical cards altogether and enables vehicles to pay for fuel and other services. Drivers simply stop, fuel up, and drive away. Tolls, parking, and more are just as simple.
Car IQ saves you money by authorizing purchases based on the specific needs of the vehicle. We calculate the exact cost of a transaction based on your vehicle's fuel level, the pump price, and your company's spending limits, cutting the risk of fraudulent overfills.
With Car IQ’s Lowest Cost Fuel Control, fleets save an average of 30¢ per gallon on fuel by restricting access to the most expensive nearby stations. That means you save 15¢ per gallon on every transaction, which is significantly more than typical merchant funded discounts of only 2-10¢.*
*Study based on dynamically mitigating highest cost fuel stations (relative to average fuel costs) within a one-mile radius of a vehicle’s current location.
*Car IQ is a financial technology company and not a bank. Credit Card Services are provided and issued by Lewis & Clark Bank, Member FDIC.
High cost stations are disabled in the user fuel map.
Get your application going and start streamlining your business with the most efficient fleet payments platform available.
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