PHH Arval announced a strategic alliance with FleetCor, a global provider of fuel cards and specialized payment products. As part of the strategic alliance, PHH Arval now will offer a new corporate universal PHH MasterCard, powered by Comdata.
“The PHH MasterCard is unlike any other fleet program in the Canadian market today,” says Jim Halliday, president of PHH Canada. “As a leader in fleet management solutions, PHH is always looking for opportunities such as this to provide our clients the best solutions to manage costs and reduce purchase fraud.”
PHH Arval says the new fleet program will be available for clients in Canada and deliver a comprehensive North American fuel program for PHH Arval heavy truck fleets, as well as enhanced coverage in Puerto Rico. According to the company, managers can use the card to design a program for their company, which includes many fraud prevention and cost reduction features such as:
• Purchase level controls, including transaction limits, blocked hours, locations or days;
• Robust security capabilities to stop fraud; and
• Truckstop-specific services and Comdata proprietary network advantages.
“In the U.S. and Canada, the PHH MasterCard is ideal for our heavy truck fleets that need customizable solutions,” says Rob Stowers, senior vice president and general manager of PHH FirstFleet, the truck and equipment division of PHH Arval.
“Payment cards are an essential tool in managing fleet operations, and we are delighted to partner with PHH Arval to provide the company’s fleet clients with best-of-breed card features,” says Ron Clarke, FleetCor chief executive officer. “With this card, PHH Arval clients can optimize their ability to identify fraudulent transactions and minimize costs.”