Innovation in US Fleet Cards: How Coast has improved the accuracy and reliability of fleet card data

For decades, businesses with vehicle fleets have given their employees fleet cards, the primary purpose of which is to pay for fuel. Sometimes, these cards also allow the purchase of a restricted set of other vehicle related items, such as motor oil or windshield washing fluid. Today, there are more than 20 million fleet cards in the US, which are estimated to have totaled over $75 billion in spend in 2023.¹

Looking across the US fleet payments market, Coast’s innovation yields some valuable insights for the industry, including a focus on data quality and how to bring innovation to fleet cards.