Business Fuel Cards
The Fuelcard Company has advised fuel card users and subscribers to ensure that they take due diligence and care in the use of fuel cards. A recent study during the ‘Car Awareness Week’ has disclosed startling facts on the increased fraud threat to the fuel card users. The fuel card fraud has risen by 6% over the past 2 years and the fraud cost stands at £40 million.
Company’s Manager, Mr. Colin Peters, said that ‘Most fuel card users can prevent fraudulent transactions by taking small common sense steps. A fuel card is much like any other card that could expose you to the risks associated with financial instruments if the card security is not given due significance.’
The Company has already established guidelines for potential fuel card applicants and old users of fuel and fleet cards. Mr. Peters said that most fuel card users tend to overlook basic security features that are built-in the cards. As an example, most fuel card users employ very weak passwords on their fuel cards and these could be easily tampered with. Another major cause of rising fuel card fraud is the lack of clear process of recovery of fuel cards from outgoing employees of the company.
The Company believes that modern fuel cards include many features that could limit the chances of fraud and if a business has checks and measures in place, then the risks associate with fuel card fraud become negligent. Most fuel cards allow you to get a card blocked within 24 hours, and this is in line with the best practices for the fuel card security and safety across the Globe.
The Company reiterated that it has a team of fuel card specialists who could be reached over phone or email to address any concerns related to fuel card safety and security. The company representatives can also be reached through their website: http://www.businessfuelcards.co.uk
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