Breaking Stories

JITpay, Shell to Debut a Fleet Fuel Card With Factoring Feature

JITpay is set to debut a new fuel card that allows users to pay a fuel bill with a transport order for digital logistics, the companies announced Thursday (March 24).

The card utilizes Shell’s application programming interface (API) technology and is set to roll out on April 1.

This will take the Shell Card’s advantages for fleet customers and add them to the factoring solutions from JITpay. The factoring solutions let transport companies and other businesses take invoice pre-financing for their orders.

With the cooperation, Shell intends to expand its fuel card business and add road freight transport, offering a bigger range of fuels and services.

Per the release, once goods are loaded, JITfuel customers will have the option to have part of the future invoice amount transferred to the fuel card as an advance payment, so they can obtain products and services through the card and fill their vehicles.

This partnership will also make use of fully-digital processing, allowing for a reduction on internal administrative work, according to the release. The JITfuel card offers customers additional advantages like truck parking, washing, repair and tank cleaning, along with the ability to use CO2-compensated fuel at Shell stations for no additional cost.

Daniel Steinke, managing director of the JITpay Group, said JITfuel would further expand things, particularly for smaller and medium-sized truckers.

“A fuel card with transparent and attractive conditions, which can only be used to fill up with CO2-compensated fuel: green, fair and without security deposits — that was our idea and this one we were able to implement successfully,” he said.

PYMNTS wrote that in other B2B trucking-related news, AP Moller-Maersk will pay $1.6 billion to buy Pilot Freight, a first-, middle- and last-mile solutions provider which works in the big and bulky freight segment.

See also: Maersk to Acquire Pilot Freight for $1.6B

The Danish shipping giant said this will help it expand integrated logistics, offering better services for the supply chain.

The company says the deal would go along with earlier acquisitions made to provide integrated logistics solutions. That will be especially true for performance team B2B warehousing and distribution.

What is your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *