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© 2018 U.S. Bank. All trademarks are the property of their respective owners. 04-0057-02 (10/18) CAT-13804941 Learn more about how you can protect your company against fraud. Explore U.S. Bank carrier solutions at voyager.usbank.com. Once cloned, the fuel cards enable users to purchase huge amounts of fuel, and recent busts have revealed 200- to 1,000-gallon tanks of fuel placed within vans and trucks to be later resold. As you might imagine, this type of theft isn’t just illegal; Swillo notes that it’s also highly dangerous, as the fuel could easily explode or be used as a bomb. 1. 2. 3. 4. 5. Require that PINs, vehicle ID numbers or odometer readings be entered at the point of purchase. If your employees don’t need to purchase anything other than fuel, give them fuel-only cards. Place limits on card use such as days of the week, dollar amount per day, geographic location or merchant location. Set card alerts for higher-than-usual charges. Use the reports available from your fleet cards to routinely check for fraud and misuse. So how can you reduce your organization’s chances of becoming a victim of fuel card skimming? Marie LeMoine, from U.S. Bank, suggests the following best practices: What do you think the future of fleet card fraud is? 4% Mobile payments will deter fraudsters 43% Fraudsters will find new ways to commit fraud 36% All of the above 17% EMV will help prevent it Card controls 20% Reporting/ monitoring 16% Alerts 10% Something else 2% None of the above 0% All of the above 52% What best practices do you use to prevent fleet card fraud and misuse? Has your fleet program experienced employee misuse? Has your fleet program experienced fraud? Don’t know Yes No No Yes Don’t know As the above survey results from our Taking Charge of Fleet Card Fraud & Misuse webinar show, nearly half of participants are aware of fraud that’s occurred within their fleet program. While these criminals can target any type of machine that accepts credit cards, fuel pumps are a particularly common choice because they require little interaction with store employees, they give a pre-authorization for purchases, and they enable easy entry and exit. Fraud is a problem that’s not likely to go away soon, notes Mike Swillo of Shell Oil, who believes skimming is the fastest-growing fraud issue in the oil sector. Skimming is conducted by sophisticated organized-crime groups that install very small, difficult-to- detect, Bluetooth-enabled devices on credit card readers that “skim,” or capture, a credit card’s strip in order to make clones. 48% 27% 25% 55% 24% 21% Protect your organization from skimming and fraud
