Fighting Fuel Fraud: Protect Your Bottom Line

Fuel fraud is a pervasive issue that silently erodes the profitability of fleet operations. With fraud rates reaching as high as 12%, the impact on your bottom line can be significant. In this webinar, hosted by Car IQ and NAFA, we will delve into the often overlooked but costly problems of fuel fraud, card theft, skimming, and misuse, providing actionable insights to help you protect your fleet’s finances.

Key Points:
1. The Real Cost of Fraud and Misuse: Discover how fuel fraud and misuse can silently drain 12% of your fuel budget, turning what seem like minor discrepancies into significant financial losses.

2. Hidden and Unhidden Types of Fraud: Learn about the various forms of fuel fraud, both obvious and concealed, that can slip through the cracks and how they contribute to the overall expense.

3. Vulnerabilities of Fuel Cards: Understand how traditional fuel cards can leave your fleet exposed to fraudulent activities and misuse, increasing your vulnerability to bad behavior.

4. Innovative Solutions with Vehicle-Based Payments: Explore how vehicle-based payments can revolutionize the way you manage fuel transactions by providing real-time context and verification for every purchase, significantly reducing the risk of fraud.

5. Success Stories:
o Amenity Collective: Learn how Amenity Collective saved $0.47 per gallon by implementing vehicle-based payments to eliminate fuel fraud.
o Crown Capital: Discover how Crown Capital recovered $150k in just 45 days by cutting fuel fraud with advanced payment solutions.

Date: Tuesday, September 24

Time: 1:00-2:00 p.m. ET

Cost: Free to members and non-members

** There is no registration fee to attend this webinar, but registration is required by September 23. The Zoom login link will be shared with registrants on September 24.

Speakers:

• Sterling Pratz, Founder & CEO, Car IQ
• Eric Rowell, Amenity Collective, Director of Risk Management
• Rich Ely, CFO, Crown Capital

Thank you to Car IQ for sponsoring this webinar.