PORTLAND, Maine — July 29, 2026
Executive Summary
WEX® (NYSE: WEX) has launched SecureFuel® for North American fleet customers, introducing an AI-powered fraud prevention capability that combines fleet card transaction data, real-time vehicle information, and advanced AI models to identify and stop potentially unauthorized fuel purchases before approval. The solution is designed to improve fraud detection, reduce false positives, and strengthen fleet payment security.
Announcement Overview
WEX announced the general availability of SecureFuel® during the third annual WEX North American Mobility Summit in Portland, Maine. The solution enhances fleet payment security by combining transaction intelligence, telematics, and proprietary AI models within WEX’s extensive fuel acceptance network. Built on decades of fleet payment expertise, SecureFuel helps commercial fleet operators reduce fraud exposure, improve operational visibility, streamline investigations, and validate purchases using real-time vehicle information. WEX also previewed Actionable Insights, an AI-powered capability currently in beta testing.
Key Announcement Details
- Announcement Type: Product Launch
- Announcing Entity: WEX® (NYSE: WEX)
- Product: SecureFuel®
- Announcement Date: July 29, 2026
- Dateline: PORTLAND, Maine
- Availability: General Availability
- Target Market: North American Fleet Customers
- Core Capability: AI-Powered Fuel Fraud Prevention
- Purpose: Stop Unauthorized Fuel Purchases Before Approval
- Technology: AI Models, Fleet Card Data & Real-Time Vehicle Information
- Data Sources: Fleet Transactions, Telematics & Vehicle Data
- Network Coverage: Approximately 95% of U.S. Fuel Stations
- Monthly Transaction Volume: Approximately 30 Million Fleet Transactions
- Operational Benefits: Fraud Detection, Fewer False Positives & Improved Visibility
- Fleet Manager Benefits: Real-Time Validation & Simplified Investigations
- Platform: WEXOnline
- Telematics Support: WEX & Supported Third-Party Providers
- Strategic Partner: Geotab Premier Partner
- Customer Rollout: Expected to Begin August 3
- Additional AI Preview: Actionable Insights (Beta)
- Industry Event: WEX North American Mobility Summit
- Stock Ticker: NYSE: WEX
Turning fuel payments into smarter, more secure fleet operations
According to the National Association of Fleet Managers (NAFA), fraud and misuse can account for up to 12% of a business’s total fuel spending, creating financial and operational challenges for commercial fleets.
WEX stated that conventional card controls and standalone telematics solutions may not provide sufficient visibility to identify every potentially unauthorized transaction. SecureFuel addresses this by combining multiple data sources before purchase approval.
The capability brings together:
- Detailed WEX fleet card transaction data
- Real-time vehicle information
- Advanced WEX-designed AI-powered fraud models
- Telematics data
- Purchase intelligence from WEX’s proprietary closed-loop network
The company said its network covers approximately 95% of U.S. fuel stations and captures transaction information including:
- Fuel quantity
- Fuel type
- Merchant location
By analyzing these data points together, SecureFuel is designed to improve fraud detection accuracy while reducing unnecessary alerts and false positives.
Company commentary
Carlos Carriedo, Chief Operating Officer, Americas Payments and Mobility, WEX, said:
“Fraud prevention is only as strong as the information behind each decision.”
He added:
“SecureFuel gives us a more complete view of each purchase, assisting customers stop unauthorized transactions without creating unnecessary disruption for drivers. This capability is especially important in today’s volatile fuel price market.”
Built on WEX data, scale, and experience
SecureFuel expands on more than 40 years of WEX’s fleet card control expertise and approximately a decade of applying telematics data to fraud prevention within its over-the-road business.
According to WEX, the solution is now available to support a broader range of commercial fleet customers across its mobility portfolio.
The company also highlighted the scale supporting its AI models:
- Processes approximately 30 million fleet transactions every month
- Uses transaction data across its acceptance network to strengthen fraud detection
- Applies proprietary AI models to identify unusual activity and potential misuse
- Generates alerts designed to detect fraudulent transactions before financial losses occur
Operational benefits for fleet managers
SecureFuel introduces real-time vehicle intelligence to support day-to-day fleet payment management.
Fleet managers can use the solution to:
- Stop unauthorized fuel purchases before they happen
- Reduce unnecessary card declines
- Minimize manual investigations and reconciliation
- Confirm purchases using current vehicle location
- Bring fleet card and telematics data into a single workflow
- Improve visibility into exceptions and attempted purchases
Deployment and availability
Eligible customers can activate SecureFuel through the WEXOnline platform.
The capability supports telematics provided by:
- WEX
- Supported third-party providers
As a Geotab Premier Partner, WEX enables organizations already using Geotab to connect vehicle information directly with SecureFuel.
Businesses that do not currently use telematics can obtain a supported solution from WEX, allowing them to access payments, vehicle connectivity, and fraud prevention through a single provider.
According to the announcement, SecureFuel is expected to begin rolling out to eligible customers on August 3.
Additional notes from the WEX North America Summit
During the WEX North America Summit, the company also previewed Actionable Insights, an AI-powered capability currently in beta testing.
According to WEX, the feature analyzes transaction, fleet, and payment data to generate recommendations that can help organizations:
- Identify savings opportunities
- Reduce operational waste
- Improve operational performance
- Support more proactive business decisions
WEX stated that SecureFuel and Actionable Insights represent the first offerings in a broader portfolio of intelligence-driven fleet capabilities. As connected mobility continues to evolve, the company plans to expand solutions that help organizations manage fleet operations with greater transparency, automation, and confidence.
Existing WEX customers can learn more about SecureFuel and AI Insights through their accounts or request a demonstration. Prospective customers can visit WEX for additional information.
Forward-Looking Statements
This announcement includes forward-looking statements regarding the anticipated benefits of SecureFuel and Actionable Insights, including expected customer outcomes and future product performance. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially. Additional information regarding these risks is contained in WEX’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 4, 2026, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed on July 22, 2026, and subsequent SEC filings. WEX stated that forward-looking statements speak only as of the date of the announcement and that it undertakes no obligation to update them except as required by applicable law.
About WEX
WEX (NYSE: WEX) is a global commerce platform that delivers embedded payment and business solutions across benefits, mobility, and business payments. The company combines data, technology, and industry expertise to simplify complex business operations while helping organizations improve efficiency and support growth through integrated commerce solutions.
Media Contact
For additional information, visit wexinc.com.
Source Attribution
Source: Company announcement
