Fleet News

Barclaycard partners with TMC to launch fuel card for fleets

Barclaycard Business Solutions, in association with The Miles Consultancy (TMC), has launched a new fuel card, Fuel+.

Fuel+ is designed to help both drivers and fleet managers, and combines a fuel expenses Barclaycard with a mileage capture and audit system, developed by TMC. 

The Fuel+ Barclaycard, with global Visa acceptance, allows drivers to refuel at almost all petrol forecourts in the UK, while the TMC mileage system gives fleet managers visibility of their staff’s fuel spend and reduces costs by streamlining and automating processes.

Following a successful pilot with 30 corporate clients including supermarket brand Morrisons, Fuel+ is now available to all organisations with large vehicle fleets that have a fuel spend of more than £500,000. There are plans to roll it out to smaller fleets in due course.   

The system works by enabling drivers to log their business mileage simply online, over the phone or via text. 

Companies can also opt to use the TMC Mileage App, which allows drivers to utilise the GPS tracking in their smartphone, letting them log their miles on the go. 

The system then analyses all relevant data including card purchases, mileage stats, distance travelled and even vehicle-specific tank capacity. 

It can identify any irregular patterns of spend, significantly reducing over-claims.  It also helps ensure accurate VAT recovery, making it simple and easy to reclaim without the need for driver receipts.

Alejandro Stein, managing director of Barclaycard Global Commercial Payments, said: “Fuel costs are a significant and rising cost for many businesses and can be complex and time consuming to manage. 

“Fuel+ will help to make things much simpler for both drivers and fleet managers and could help businesses cut, on average, a quarter off their business fuel costs.
 
“Fuel+ Barclaycards, with chip & PIN security, allow drivers to use almost all filling stations in the UK, including pay-at-the pump sites, meaning drivers don’t have to plan ahead when thinking about re-fuelling. 

“While fleet managers will find managing fuel costs much more straight-forward through the audit and reporting capabilities.”

Paul Jackson, managing director of TMC, said: "Fuel+ gave outstanding results during the extensive trials when it was in daily use by thousands of drivers employed by 30 fleets. 

“It is a single, proven, fleet fuel and mileage solution combining market-leading audited mileage capture options with a global Visa corporate payment card. 

“It also sets new standards for visibility and control over corporate fuel budgets, helping ensure HMRC compliance while freeing drivers to buy fuel efficiently wherever they are."

Morrisons case study

Supermarket brand Morrisons wanted to simplify the way their fuel expense system operated.  Fuel purchases and mileage claims at the time went through a time-intensive manual process.  It has piloted Fuel+ over the last year.

Morrisons found that the solution eliminated the need to keep VAT receipts and streamlined processes. 

Also, by mandating accurate reporting of mileage and transactions, it delivered a direct saving of over £300,000 on the corporate fuel budget in the first year of operation. 

A further £500,000 of potential cost savings and tax-efficiency improvements have also been identified.

See next week's Fleet News for more on the Barclaycard/TMC fuel card.
 



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Comments

  • Nigel Boyle - 14/03/2014 12:09

    Is there a fuel surcharge over the pump price? Are there annual fees? I few crucial missing facts.

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    • Brecon Quaddy - 24/03/2014 17:02

      @Nigel Boyle - There is no surcharge over pump price. There’s no setup charge, no replacement card charges and no transaction fee. TMC charge £3 a month for mileage capture and expense processing (if taken) but they guarantee a saving of twice that (i.e. they will refund double their charge if the customer doesn’t make a saving in the first year vs. their current arrangement). Effectively, the mileage Mileage Audit costs -£3 a month. Barclaycard charge up to £2 a month, as reported in the March 20 print edition of Fleet News.

      TMC charges £3 per month per card but they guarantee a saving of twice that (i.e. they will refund double their charge if the customer doesn’t make a saving in the first year vs. their current arrangement). Effectively, Mileage Audit costs -£3 a month.

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  • Luke Wake - 14/03/2014 12:54

    What is the pricing structure? Will this follow a PLATTS+ basis or is it going to be pump pricing?

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    • Gareth Roberts - 14/03/2014 13:45

      @Luke Wake - Thanks for your comment. It's a pump price card, but there will be further details in the next edition of Fleet News, including potential costs, and that story will be posted on here after it's appeared in print.

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  • Paul - 14/03/2014 19:09

    Apart from the obvious question of the price, how does the Barclaycard capture the same level of transaction data as I get from existing fuel card? For me, detailed information is key to running my fleet

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    • Paul - 23/03/2014 08:16

      @Paul - anyone at TMC able to answer my question ? My own initial research suggests it doesn't and relies on getting your drivers to keep receipts and then the data is manually entered

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    • christopher.smith - 23/03/2014 08:48

      @Paul - we'll get this comment put to TMC tomorrow - that said, your question may be answered in the full article that appeared in Thursday's issue of Fleet News, which will be online later in the week.

      I'll check and get back to you.

      Christopher Smith
      Web producer, Fleet News

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    • Brecon Quaddy - 24/03/2014 16:35

      @Paul -

      The Barclaycard captures data in the same way as existing fuel cards, directly from the payment terminal. Data captured includes date, time, location, volume, price per litre, total transaction cost, fuel type, VAT and so on. This is reported to the customer. There is no need for drivers to keep receipts as HMRC accepts the consolidated Fuel+ invoice as an approved VAT receipt. Unlike the majority of fuel cards in circulation, which use insecure magnetic stripes, Fuel+ is a chip and PIN card, meaning it has the highest level of card security available. If you would like to know more about the mileage capture aspects, please reply to this comment and I will post details.

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    • Paul - 25/03/2014 17:25

      @Brecon Quaddy - thank you. Does that level of data apply to all petrol stations? Also is the card limited to fuel only products?

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    • Paul - 02/04/2014 19:12

      @Paul -Brecon- as I haven't had response to my question spoke to a couple of former colleagues who use this at their new companies. Their experience is the card allows them to buy both diesel and unleaded fuel but recorded both as diesel when they inadvertently did this . In terms of the data, the only information on their statements was summary level as per any bank card. The more detailed information was only included on the receipt not on their statement. Interestingly, the receipt they got from the petrol station was a vat receipt, but your answer indicates that the fuel + statement was a vat invoice. How can you have two different vat invoices for the same purchase? Admittedly they gave me a cardholders perspective only

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  • Gareth Roberts - 24/03/2014 16:42

    Further details on the Fuel+ Barclaycard/TMC fuel card can be found in our print story which has now been published online - http://www.fleetnews.co.uk/news/2014/3/24/insight-fuel-card-competition-intensifies/49972/

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