Motive and Marqeta Join Forces for Motive Card, Delivering Customers Up to 10% Savings

Rhea-AI Summary

Motive has issued over 35,000 Motive Cards since its launch in April 2022. Customers can save up to 10% through operational efficiency gains, fuel and maintenance discounts, and telematics-backed fraud reduction. Motive chose Marqeta as its fleet card issuer. Motive serves over 120,000 customers across various industries.

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• Customers can save up to 10% through operational efficiency gains, fuel and maintenance discounts, and telematics-backed fraud reduction.
• Motive serves over 120,000 customers across a wide range of industries.
• The Motive Card is on the Mastercard network and can be used for fuel, maintenance, and other business expenses.

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• None.

Over 35,000 Motive Cards issued across trucking and logistics, construction, oil and gas and more

SAN FRANCISCO & OAKLAND, Calif.--(BUSINESS WIRE)-- Since launching the Motive Card in April 2022, Motive, the only fully unified Integrated Operations Platform for the physical economy, has issued over 35,000 cards delivering customers up to 10% in savings through operational efficiency gains, fuel and maintenance discounts, and telematics-backed fraud reduction. Motive chose Marqeta (NASDAQ: MQ), the global modern card issuing platform, as its fleet card issuer because of its ability to integrate fleet payments seamlessly into the Motive platform where customers are already managing their fleet.

The Motive platform combines Driver Safety, Fleet Management, Spend Management, and Equipment Monitoring, all in one place. By connecting operations end-to-end, Motive gives its customers greater visibility and control, and significantly reduces workloads by automating and simplifying tasks. Motive serves more than 120,000 customers across a wide range of industries, including transportation and logistics, construction, energy, field service, manufacturing, agriculture, food and beverage, retail, and the public sector.

“We launched the Motive Card because our customers lacked 360-degree visibility across their fleet management and spend management providers,” said Hemant Banavar, Head of Financial Products at Motive. “For the first time ever, safety, operations, and finance teams can manage their drivers, vehicles, equipment, and fleet-related spend in a single system and benefit from cost-saving insights delivered through shared data. As a result, they’re reducing hours of manual work, saving up to 7% per vehicle through enhanced productivity, reducing fuel and maintenance spend by up to 5%, and could save up to 5% per vehicle by reducing previously missed fraud. These savings add up whether you’re managing a fleet of 50 vehicles or 5,000 vehicles.”

“The Motive Card has been a game changer for our business,” said Anthony Coruccini, Chief Operating Officer at All Chemical. ”Having our fleet management and spend management together in a single platform gives us unparalleled visibility into our operations. Not only are we saving $30,000 annually but we are able to automate administrative work that used to take countless hours, and catch fraud as it happens, which was something we were previously unable to do. As an existing Motive customer, the decision to roll out the Motive Card was easy since no other alternative was able to provide us with a 360-degree view of our drivers, vehicles, and fleet-related spend in one place.”

“We’re seeing the shift to embedded finance powering the future of fleet payments, meeting the needs of modern teams and workers through smarter payment tools. Marqeta enables companies like Motive to own and optimize their customer’s experience from end-to-end, thanks to our highly flexible and customizable platform,” said Todd Pollak, Chief Revenue Officer, Marqeta. “We’re thrilled to work with a dynamic company like Motive as they disrupt the status quo of fleet management, creating an all-in-one solution for finance teams to stay on top of their fleet-related spend and create a streamlined and powerful experience for their customers.”

By leveraging Marqeta’s embedded finance platform, Motive gives finance teams total control of their fleet-related spend, AI-powered tools to mitigate fraud and identify wasteful transactions, and access to deep discounts on fuel, maintenance and other business expenses. The Motive Card is on the Mastercard network which means that it can be used for fuel, maintenance, and other business expenses, anywhere Mastercard is accepted.

The Motive Card is issued by Sutton Bank, Member FDIC pursuant to a license from Mastercard International.

Learn more about connecting fleet and spend management into a single view with the Motive Card here.

About Motive

Motive empowers the people who run physical operations with tools to make their work safer, more productive, and more profitable. For the first time ever, safety, operations and finance teams can manage their drivers, vehicles, equipment, and fleet related spend in a single system. Motive serves more than 120,000 customers – from Fortune 500 enterprises to small businesses – across a wide range of industries, including transportation and logistics, construction, energy, field service, manufacturing, agriculture, food and beverage, retail, and the public sector. Visit gomotive.com to learn more.

About Marqeta

Marqeta’s embedded finance and modern card issuing platform empowers its customers to create customized and innovative payment cards and embedded finance offerings. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is certified to operate in more than 40 countries globally. For more information, visit www.marqeta.com, Twitter and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231018010743/en/

Carolyn Bos

press@gomotive.com

Source: Motive

FAQ

How many Motive Cards have been issued since April 2022?

Over 35,000 Motive Cards have been issued since April 2022.

What savings can customers get with the Motive Card?

Customers can save up to 10% through operational efficiency gains, fuel and maintenance discounts, and telematics-backed fraud reduction.

What industries does Motive serve?

Motive serves more than 120,000 customers across a wide range of industries.

What network is the Motive Card on?

The Motive Card is on the Mastercard network.

What can the Motive Card be used for?

The Motive Card can be used for fuel, maintenance, and other business expenses.