On July 29, 2026, WEX Inc. (NYSE: WEX), a global leader in intelligent payment solutions, unveiled SecureFuel®, an innovative AI-powered fraud prevention tool tailored for its North American fleet customers. This cutting-edge capability is designed to utilize detailed fleet card transaction data, real-time vehicle information, and advanced artificial intelligence models to identify and halt potentially unauthorized fuel purchases before they are approved.

Carlos Carriedo, WEX's Chief Operating Officer for Americas Payments and Mobility, articulated the essence of SecureFuel® by stating, "SecureFuel gives us a more complete view of each purchase, assisting customers stop unauthorized transactions without creating unnecessary disruption for drivers."

2. Unveiling at the WEX North American Mobility Summit

The announcement was made during the third annual WEX North American Mobility Summit held in Portland, Maine. The summit brought together industry leaders from various sectors, including OEMs, fleet management companies, global energy providers, and commercial fleets, marking a significant event in the mobility industry calendar.

3. Addressing Fleet Fraud Challenges

WEX's introduction of SecureFuel® comes in response to alarming statistics from the National Association of Fleet Managers (NAFA), which indicates that fraud and misuse can consume as much as 12% of a business's total fuel spending. Traditional controls and telematics tools have proven inadequate in providing a comprehensive solution to track and prevent such fraudulent activities.

With SecureFuel®, WEX leverages its proprietary closed-loop network, which encompasses approximately 95% of US fuel stations, to deliver detailed purchase information, including fuel quantity, fuel type, and merchant location. By integrating this data with telematics and WEX-designed AI fraud models, the company aims to enhance the accuracy of identifying suspicious activities while minimizing false positives. This approach enables fleet managers to make informed decisions that safeguard their financial resources.

4. Built on WEX's Legacy and Expertise

The launch of SecureFuel® builds upon WEX's over 40 years of expertise in fleet card controls and nearly a decade of application of telematics data in fraud prevention. With a processing capability of around 30 million fleet transactions each month, WEX's vast data scale provides a robust foundation for its custom AI models to detect patterns indicative of misuse.

SecureFuel® enhances this foundation by introducing real-time vehicle intelligence, allowing fleet managers to:

Prevent unauthorized fuel purchases before they occur.

Decrease unnecessary card declines.

Reduce manual investigations and reconciliation efforts.

Verify purchases based on current vehicle location.

Consolidate fleet card and telematics data into a single workflow.

Enhance visibility into exceptions and attempted purchases.

Customers will be able to activate SecureFuel® on the WEXOnline platform, utilizing telematics data from either WEX or supported third-party providers. WEX's partnership with Geotab positions them to seamlessly connect vehicle data with SecureFuel®, offering a unified solution for payments, vehicle connectivity, and fraud prevention.

5. Looking Ahead: Additional Insights and Future Innovations

In conjunction with the launch of SecureFuel®, WEX also previewed Actionable Insights, a feature currently in beta testing. This solution employs AI to analyze transaction, fleet, and payment data, generating actionable recommendations aimed at identifying savings opportunities, reducing waste, enhancing operational performance, and facilitating more proactive decision-making.

SecureFuel® and Actionable Insights signify the beginning of a broader portfolio of intelligence-driven capabilities from WEX. As the mobility landscape evolves towards greater connectivity, WEX is committed to developing solutions that extend beyond mere transaction management to encompass operational management with enhanced transparency, automation, and assurance.

6. Conclusion

With SecureFuel® set to roll out to eligible customers starting August 3, 2026, WEX is poised to revolutionize fuel payment systems for commercial fleets, providing them with the tools necessary to combat fraud effectively. Existing customers can explore SecureFuel® and Actionable Insights through their accounts, while new customers are encouraged to visit WEX's website for more information.

WEX continues to solidify its position as a leader in the payment solutions industry, driving innovation that not only simplifies the complexities of fleet management but also enhances operational efficiency and security.

Original press release