The digital payments leader examines Coast's offerings and how they are revolutionizing the fleet card management industry
NEW YORK, April 9, 2024 /PRNewswire/ -- Coast, a modern digital fleet fuel and gas card expense management platform that helps companies govern their fuel and fleet spending, announced today that Visa Inc., a world leader in digital payments, has authored a white paper that highlights how the fleet card company has used innovation to improve the check-in process and integrate policies, data and other expense management tools to their card system.
"It's a great honor for Coast's fleet payment system to be featured in a white paper by payments leader like Visa," said Coast CEO and founder Daniel Simon. "Coast has worked with Visa for many years and their trust in our services has led to the development of this white paper. In it, Visa spells out exactly how Coast's innovative technology can help businesses manage fleet and expense payments and solve the challenges many companies have in monitoring and securing their fleet accounts."
The white paper, entitled "Innovation in U.S. Fleet Cards," discusses the Coast fleet card's unique value-added solutions, including:
The white paper notes that Coast has also been on the forefront in its approach to improving data quality and security by bringing innovation into the fleet card management system. It concludes that by establishing new ways to capture and process fleet card data, Coast's product provides optimal solutions and outcomes for any business with an automotive fleet.
Visa Global Head of Commercial Fleet and Mobility Parker Patton said the strong partnership between Coast and Visa has unlocked industry innovation that directly benefits small to mid-sized businesses (SMB) and larger fleets.
"Coast's robust digital platform and focus on client needs, coupled with Visa's payments technology and merchant acceptance, has re-imagined once-cumbersome processes for fleet managers and their drivers," Patton said. "Coast's SMS-first approach with Visa Fleet simplifies and secures payments for Coast customers and cardholders."
For the nearly one million American businesses that collectively operate around 40 million vehicles in their commercial fleets, managing expenses in the field is a major challenge. Coast's innovative technology addresses these challenges by offering a fuel card with best-in-class security and spend controls, software with real-time transaction data and reporting, and integrations with fleet management and telematics software.
For more information about coast, visit coastpay.com. To read Visa's white paper, visit https://visa-commercial-solutions.visa.com/knowledge-hub/white-paper-coast-fleet-cards-innovation.
About Coast
Coast (K-Dimensional Holdings), is a smart fuel card and modern expense management platform built on the Visa network. The Coast card goes beyond the traditional fuel card: flexible controls let you set the spending rules that make sense for your business. Ease of use and responsive customer service make Coast the only five-star rated fuel card on the market. Coast cards are issued by Celtic Bank.
Coast is founded and led by Daniel Simon, who previously co-founded digital payments platform Bread (breadpayments.com), which was acquired by Alliance Data Systems for more than $500 million in 2020. For more information, visit coastpay.com.
Media Contact:
Heather Ripley
Ripley PR
865-977-1973
[email protected]
SOURCE Coast
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