From Yahoo Finance: 2025-06-10 15:37:00

Carriers are experiencing a surge in fuel fraud, leading to significant time spent on tracking and verifying fuel expenses. Larger fleets can spend hours reconciling fuel purchases due to back office fuel management and IFTA accounting requirements.

QuikQ’s vice president Rich Taute discusses technologies to prevent fuel fraud and simplify fuel management processes. Traditionally, fleets use fuel cards prone to abuse. SmartQ RFID technology by QuikQ prevents fraudulent transactions and improves security.

SmartQ RFID operates like toll tags for trucks, preventing fuel fraud by linking transactions to specific assets. QuikQ’s RFID technology ensures secure payments, reducing fraud for carriers.

QuikQ offers two-factor authentication for security, assigning transactions to specific assets to streamline IFTA taxes. The company’s technology automates tracking fuel purchases for accurate accounting.

QuikQ provides efficient back office operations by automating processes and tracking fuel purchases accurately for carriers. The company offers secure payment instruments to combat fraud and improve overall efficiency.

Combining fuel card programs with invoice factoring enhances security and efficiency for carriers and factoring companies. QuikQ’s technology ensures that assets are at the right pump, preventing fraud and ensuring smooth operations.

QuikQ’s technology prevents fraud and payment issues, allowing drivers to refuel without hindrance. The company offers human customer service and tools to resolve issues independently, promoting efficient operations for carriers.

SmartQ RFID technology by QuikQ helps carriers set up authorizations for fuel purchases, making operations more efficient. The system is scalable and adaptable to varying needs of carriers for better control over fuel expenses.

QuikQ’s strategic security measures have won over customers looking for sophisticated solutions to prevent fraud. The company’s technology accurately tracks and prevents fraud, ensuring smooth operations for entire fleets.



Read more at Yahoo Finance: How carriers can prevent fuel fraud at the pump before it happens