Driving Innovation: VISA’s Role in Fleet and Mobility Payments

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In the latest episode of the Voices in Payments podcast, we explore the transformative potential of payments in the fleet and mobility industry. Our guest, Richard Campion, from VISA, shares his expertise on how innovative payment solutions are streamlining operations and enhancing customer experiences in this dynamic sector.

Richard’s insights further shed light on how VISA is empowering businesses to adapt to the rapidly changing demands of mobility, making fleet management smarter and more efficient while paving the way for sustainable growth.

Key Discussion Highlights:

⚡ Fleet and Mobility Payments in the Context of EV Adoption: Richard highlights the challenges in the mobility space, particularly around electric vehicles (EVs). He explains how payments are a barrier to EV adoption, and emphasizes the need for a unified payment solution that covers both EV and traditional fuel-based vehicles.

🔄 Closed-Loop and Open-Loop Payment Systems: Richard explains the historical dominance of closed-loop payment networks in the mobility sector, driven by loyalty programs and detailed spend data. He discusses how the growth of digital payments is driving the industry toward open-loop systems, which offer greater flexibility and reduce fraud.

🔒 Data and Security in Fleet Payments: Richard underscores the importance of enhanced data, like level-three transaction details, and its role in fleet management. He also touches on the necessity for robust security measures and real-time spend controls, delving into the topic of fraud as well.

Richard Campion’s Focus for the Future:

“Whenever we face an industry change on this scale, it’s important to keep in mind the end customer needs. And I think all of us within the B2B space, we're building these solutions with the end customer in mind.”

About Richard Campion

As VISA’s Richard Campion brings a wealth of experience in driving innovation across payments and mobility ecosystems. His work focuses on leveraging VISA’s capabilities to create frictionless, scalable, and future-proof payment solutions tailored to today’s needs in the mobility industry.

About PaymentGenes’s Voices in Payments Podcast

The “Voices in Payments” Podcast, is an initiative launched by PaymentGenes to positively impact the payments community, by educating and connecting the market with vertical-specific industry expertise.

PaymentGenes focuses on providing expertise-driven Recruitment, Contracting, Greenfield Consultancy. These services all resolve and intersect around payments. Learn more about how we can help your business here.

🎧 Listen now!