U.S. Bank has partnered with Mastercard to launch EMV M/Chip Fleet solution for the Voyager Network.
Upon implementation of the fleet-specific chip specification, Voyager Fleet card customers will be able to enjoy the added speed and security of EMV.
Additionally, the new technology will protect the use of future payments solutions such as mobile wallet and connected car technology.
The collaboration will allow Voyager Fleet Card customers to obtain more data from their card users with ten data capture fields, which can be further customised to the unique requirements of employers.
Commenting on the agreement, Mastercard executive vice president of North America commercial products Ed Glassman said: “We know that fleet managers are constantly looking to strengthen overall performance, whether that is by improving security, capturing critical data or adding convenience for their drivers.
“With millions of fleet cards in circulation, the new EMV M/Chip Fleet solution and the U.S. Bank Voyager Network will reshape the future of fleet cards.”
U.S. Bank global transportation payments general manager John Hardin: “We are very pleased to reach an agreement with Mastercard to adopt their fleet-specific chip specification, which aligns with proprietary technology that we were developing.
“Our top objective is to ensure our 320,000 merchant locations don’t face the additional investment and complication of implementing multiple chip specs. They can now support both Mastercard and Voyager Fleet cards with a single spec.”
Mastercard said that the enhanced EMV fleet technology will be made available in North America from mid-2018.