Motive and Marqeta Join Forces for Motive Card, Delivering Customers Up to 10% Savings
October 18 2023 - 9:00AM
Business Wire
Over 35,000 Motive Cards issued across trucking
and logistics, construction, oil and gas and more
Since 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.
The 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.
“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.”
“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 countless hours, and catch
fraud as it happens, which was something we were previously unable
to do. As an existing Motive customer, the decision to roll out the
Motive Card was easy since no other alternative was able to provide
us with a 360-degree view of our drivers, vehicles, and
fleet-related spend in one place.”
“We’re seeing the shift to embedded finance powering the future
of fleet payments, meeting the needs of modern teams and workers
through smarter payment tools. Marqeta enables companies like
Motive to own and optimize their customer’s experience from
end-to-end, thanks to our highly flexible and customizable
platform,” said Todd Pollak, Chief Revenue Officer, Marqeta. “We’re
thrilled to work with a dynamic company like Motive as they disrupt
the status quo of fleet management, creating an all-in-one solution
for finance teams to stay on top of their fleet-related spend and
create a streamlined and powerful experience for their
customers.”
By leveraging Marqeta’s embedded finance platform, Motive gives
finance teams total control of their fleet-related spend,
AI-powered tools to mitigate fraud and identify wasteful
transactions, and access to deep discounts on fuel, maintenance and
other business expenses. The Motive Card is on the Mastercard
network which means that it can be used for fuel, maintenance, and
other business expenses, anywhere Mastercard is accepted.
The Motive Card is issued by Sutton Bank, Member FDIC pursuant
to a license from Mastercard International.
Learn more about connecting fleet and spend management into a
single view with the Motive Card here.
About Motive
Motive empowers the people who run physical operations with
tools to make their work safer, more productive, and more
profitable. For the first time ever, safety, operations and finance
teams can manage their drivers, vehicles, equipment, and fleet
related spend in a single system. Motive serves more than 120,000
customers – from Fortune 500 enterprises to small businesses –
across a wide range of industries, including transportation and
logistics, construction, energy, field service, manufacturing,
agriculture, food and beverage, retail, and the public sector.
Visit gomotive.com to learn more.
About Marqeta
Marqeta’s embedded finance and modern card issuing platform
empowers its customers to create customized and innovative payment
cards and embedded finance offerings. Marqeta’s platform, powered
by open APIs, gives its customers the ability to build more
configurable and flexible payment experiences, accelerating product
development and democratizing access to card issuing technology.
Its modern architecture provides instant access to highly scalable,
cloud-based payment infrastructure that enables customers to launch
and manage their own card programs, issue cards and authorize and
settle transactions. Marqeta is headquartered in Oakland,
California and is certified to operate in more than 40 countries
globally. For more information, visit www.marqeta.com, Twitter and
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20231018010743/en/
Carolyn Bos press@gomotive.com
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