Sunoco on Wednesday (July 13) announced a partnership with fleet payment solutions platform Car IQ that will allow secure fuel payments without a physical credit card. The initiative will be rolled out at almost 5,000 Sunoco locations across the U.S. by the end of the summer.
Drivers using Car IQ Pay at Sunoco stations only need to enter the pump number, top up their fuel and drive away, using proprietary technology to allow any vehicle to communicate directly with the Sunoco pump via Carat by Fiserv. The driver will not need to swipe a card, enter a PIN or note the odometer reading.
“Sunoco gives our fleet customers more choice when it comes to purchasing fuel,” said Matt Nicholson, senior vice president of merchant commercialization at Car IQ, in the joint press release. “Vehicle-based payments solutions are reshaping how companies manage their business operations by tying vehicle data directly to the transaction and allowing the car to connect directly to the pump, giving fleet managers more control and visibility over their budget.”
Rich Hayes, senior director of electronic payments at Sunoco, said the partnership with Car IQ will “simplify how fleets pay” when they fuel up.
“By offering Car IQ’s payment solution, we can help fleet customers eliminate fraud with the use of telematics data that validates each fuel transaction,” he said. “We strive to be at the forefront of a payment ecosystem that will provide fleet managers more control and visibility into their fleet spend and excited to work with Car IQ to service their customers nationwide.”
Related: EverWash and Car IQ Partner on Autonomous Fleet Payments
In May, Car IQ partnered with car wash membership platform EverWash on a fleet payment program that allows fleet vehicles to pay for car washes at EverWash locations without a credit card.
EverWash and Car IQ offer real-time data to fleet managers on who is washing cars in an effort to eliminate fraud, centralize billing and provide a frictionless consumer experience for drivers.
For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.