Spade’s Merchant Intelligence Will Power Fuelman Expense Management Solution Used by More than 2.5M Drivers
May 07 2024 - 9:00AM
Spade, the fastest and most accurate provider of merchant
intelligence for the card ecosystem, has partnered with Fuelman®, a
Corpay brand and leading local fuel expense management solution, to
improve the company’s transaction authorization and attribution.
Fuelman helps businesses such as major parcel delivery
companies, fleet management and leasing providers, and global CPG
companies manage and control fuel expenses with customizable fuel
controls and real-time alerts and reporting. Fuelman also assists
companies with minimizing operational inefficiencies and the
potential for costly misuse of fuel charges.
Great advancements in financial services and payment processing
have occurred in recent years, yet the amount of merchant data
available to card issuers lags far behind the quality and quantity
of data available about consumers. Due to data standards that
regulate how merchant transaction information is communicated, the
only information passed on to the card issuer is the shortened
serial code that ISO regulations allow for. Therefore, to process
Fuelman card transactions, it is critical to have the most accurate
merchant data possible so that the company’s Mastercard fleet
customers have the potential to receive additional rebates and
benefits when purchasing at participating sites.
Spade’s partnership with Fuelman will deliver this quality data
through its ground-truth database that covers nearly 100% of
merchants across the US—including the tens of thousands of gas
stations within the Fuelman Network, such as ExxonMobil, Chevron,
Love’s, Pilot/Flying J, Speedway, and many more. 2 This will result
in faster return of merchant data so that transactions can be
completed as efficiently and accurately as possible.
“For decades, the card issuing ecosystem has struggled with
enhancing the quality of merchant data available. When I learned
that Spade built a solution to provide the fastest and most
accurate real-time merchant intelligence, I knew our business could
benefit from a partnership.” said Keagan Russo, President, Fuelman.
“One of the biggest initiatives for our team this year is improving
the accuracy of our transaction authorization and attribution
across our Mastercard transactions with the same level of certainty
as those running on our proprietary Fuelman rails. We’re committed
to delivering incremental value for our North America fleet
customers while also creating endless opportunities to provide our
customers with even more control and insight into their fuel
spend.”
“Fuelman has created one of the largest and most complex
networks of discounted fuel providers in the country, and we’re so
proud to be working with them to drastically improve how they’re
able to attribute and authorize purchases made at the participating
Fuelman Network merchants,” said Oban MacTavish, co-founder and
CEO, Spade. “Just from this initiative alone, we expect to help
Fuelman generate millions of dollars of revenue each year. Perhaps
what’s more important is that by eliminating the consumption of
time and budget that goes into disseminating the low-quality
merchant data that’s currently available, Fuelman will have more
bandwidth and budget to innovate new products driving real customer
benefits.”
1 Fuelman sites can be found at www.fuelman.com/sitelocator. 2
Updated on March 28, 2024
About SpadeSpade provides real-time merchant
intelligence for the card ecosystem. Spade leverages its ground
truth database to link any card transaction to a real merchant
identity – providing granular merchant, category, and geolocation
information. Spade leads the market in terms of merchant coverage,
geolocation matching accuracy, and speed of transaction enrichment.
Customers such as Mercury, Sardine, and Unit trust Spade's data to
authorize more transactions, prevent fraud, and build more
innovative features.
About Fuelman®Founded in 1985, Fuelman is a
leading local fuel expense management solution. A Corpay brand,
Fuelman helps businesses manage and control fuel expenses with
customizable fuel controls and real-time alerts and reporting,
ensuring businesses can better service their customers while
minimizing operational inefficiencies and costly misuse of fuel
charges. For more information, visit fuelman.com.
Media Contacts:
Gina PapiniSpadegina@baytobaycommunications.com
Ashley McDonaldCORPAY (for
Fuelman)615-376-6833ashley.mcdonald@fleetcor.com