Fleet One, a provider of fuel cards and fleet-related payment solutions to businesses and government agencies with vehicles, announced Tuesday, Feb. 26, that it has entered into a multiyear contract with TransCard to be the processor of its new driver settlement card.
Under the agreement, TransCard will issue a Fleet One-branded card that will be carried by fleet drivers. Fleet owners and operators can issue cards to drivers instantly, allowing drivers to manage their personal funds, and the process integrates seamlessly into the employer’s existing direct deposit process, according to Fleet One.
“Having a quality partner with a quality platform and expertise in electronic processing of personal funds is vital for Fleet One and its clients,” says Tom Wagner, vice president of strategic markets for Nashville, Tenn.-based Fleet One.
“Partnering with Fleet One allows us to gain market share by offering the program to thousands of fleet customers currently using the Fleet One fuel cards and significantly expands our distribution,” says Craig Fuller, president and chief executive officer of Chattanooga, Tenn.-based TransCard.