Car IQ expands merchant network at fuel stations for its driverless payment solution

Car IQ Pay is now accepted at over 12,000 Exxon and Mobil fuelling stations, including more than 8,200 with retail diesel pumps and over 800 with commercial truck diesel pumps. The solution removes fleet drivers from the payment process.

The platform is powered by Visa, allowing vehicles to automatically initiate and complete payments for services ranging from fuelling, toll management and paid parking, EV charging, and so on – without having to resort to credit cards.

This cuts down running costs for fleet vehicle operators and decreases the opportunities for fraud. 

Car IQ Pay connects the vehicle directly to the pump, eliminating the need for drivers to use a credit card, PIN number, or vehicle odometer reading. The platform streamlines reporting and eradicates the need for time-consuming back-office reconciliation because it eliminates multiple expense reports from drivers.

“This game-changing technology mitigates risk with each transaction, reducing fraud, chargebacks and disputes and provides huge marketing opportunities.,” said Scott M. Waite, Commercial Programs Manager at ExxonMobil Fuels, as he welcomed its addition at his firm.

According to Sterling Pratz, CEO of Car IQ, adding Exxon and Mobil stations to the Car IQ acceptance network is significant.

“It provides vast coverage for our fleet partners,” he said, while pointing out that his firm’s technology means that “payment is completed without the hassles of a credit card, which is a major relief for fleet owners and managers”.