US Bank, Mastercard Team Up On Fleet Expense Card

U.S. Bank will be working with Mastercard on a new card for fleet-related expenses, according to a press release.

Called the U.S. Bank Voyager Mastercard, the new feature will build on U.S. Bank’s existing Voyager card, which allows customers to pay for fuel, maintenance and other expenses at more than 320,000 merchant locations, the release stated. Customers can use a single card to pay for a wide variety of fleet-related expenses at any merchant that accepts Mastercard.

The U.S. Bank Voyager Mastercard simplifies payment for common expenses, such as fees for tolls or parking, fuel in Puerto Rico or other U.S. territories, Canada, Mexico or other international locations, emergency tows or repairs and infrequent, emergency or on-demand travel purchases like hotels or food, according to the release.

“The new U.S. Bank Voyager Mastercard is a game-changer for fleet managers and drivers,” said U.S. Bank Senior Vice President and Director of Product and Marketing for Transportation Jeff Pape in the release. “Having the capability to cover and control unexpected and planned purchases on two major networks delivers unprecedented flexibility to support fleet operations and productivity.”

The payment solution allows fleets to tailor spend controls for individual drivers and retain full visibility over the expanded purchase categories and travel benefits. Fleets will also gain more flexibility over situations like extreme weather or emergency repairs, the release stated.

Mastercard Vice President of National Accounts Erika Gamboa said in the release the partnership with U.S. Bank would be “able to provide an enhanced payment experience for fleet drivers with enhanced safety, security and travel benefits.”

Fleet payments, like most every other kind of payments, have been on the road to modernization. In particular, commercial fuel payments have been an area that embraced the payment card. But while the benefits have been obvious, Daniel Simon, founder and CEO of fleet payments Coast, said the pain points have been confusing pricing and fees, or the fact that not every gas station accepts every fleet card.

Read more: Fuel Cards Gas Up For The Future of Fleet Payments