Business
Motive and Marqeta Join Forces for Motive Card, Delivering Customers Up to 10% Savings
Over 35,000 Motive Cards issued across trucking and logistics, construction, oil and gas and more SAN FRANCISCO & OAKLAND, Calif.--(BUSINESS WIRE)-- Since
About this update from Marqeta, Inc.
[{"type":"text","content":"\nOver 35,000 Motive Cards issued across trucking and logistics, construction, oil and gas and more\n\n\n SAN FRANCISCO & OAKLAND, Calif.--(BUSINESS WIRE)--\nSince launching the Motive Card in April 2022, Motive, the only fully unified Integrated Operations Platform for the physical economy, has issued over 35,000 cards delivering customers up to 10% in savings through operational efficiency gains, fuel and maintenance discounts, and telematics-backed fraud reduction. Motive chose Marqeta (NASDAQ: MQ), the global modern card issuing platform, as its fleet card issuer because of its ability to integrate fleet payments seamlessly into the Motive platform where customers are already managing their fleet.\n\n\nThe Motive platform combines Driver Safety, Fleet Management, Spend Management, and Equipment Monitoring, all in one place. By connecting operations end-to-end, Motive gives its customers greater visibility and control, and significantly reduces workloads by automating and simplifying tasks. Motive serves more than 120,000 customers across a wide range of industries, including transportation and logistics, construction, energy, field service, manufacturing, agriculture, food and beverage, retail, and the public sector.\n\n\n“We launched the Motive Card because our customers lacked 360-degree visibility across their fleet management and spend management providers,” said Hemant Banavar, Head of Financial Products at Motive. “For the first time ever, safety, operations, and finance teams can manage their drivers, vehicles, equipment, and fleet-related spend in a single system and benefit from cost-saving insights delivered through shared data. As a result, they’re reducing hours of manual work, saving up to 7% per vehicle through enhanced productivity, reducing fuel and maintenance spend by up to 5%, and could save up to 5% per vehicle by reducing previously missed fraud. These savings add up whether you’re managing a fleet of 50 vehicles or 5,000 vehicles.”\n\n\n“The Motive Card has been a game changer for our business,” said Anthony Coruccini, Chief Operating Officer at All Chemical. ”Having our fleet management and spend management together in a single platform gives us unparalleled visibility into our operations. Not only are we saving $30,000 annually but we are able to automate administrative work that used to take countles...