In the News

News Image News Image
01/06/2020
MSTS Mentioned in U.S. Fleet Card Market Review and Forecast, 2018–2023

The fleet (fuel) card market saw continued growth during the past year, but headwinds are forming through fuel efficiencies and increasing alternative vehicle growth. Industry leaders are adapting in several ways, with technology and tactical policy/product changes creating potential new growth opportunities.

In a new research report, U.S. Fleet Card Market Review and Forecast, 2018–2023, Mercator Advisory Group reviews the estimated current market size and network share, projecting spending through 2023. The report delves into the issues and trends affecting this niche portion of the payments industry.

“The closed loop network portion of the spending continues to predominate since industry legacy approaches reside with larger fleets and the specialized controls associated with the more abundant data capabilities in these systems,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “As the service providers attempt to broaden their reach into small businesses and midsized fleets, collaboration with open loop network products will increase. This is one way to offset fuel price volatility and efficiency impacts in the shorter term, while a looming change is also there from the effects of alternative vehicles. Industry participants recognize the challenges and a need to adapt to the latest-generation technology, and there is general optimism that challenges will be met successfully.”

Access the full report on the Mercator Advisory Group website.

About MSTS

MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail and eCommerce. MSTS’ Credit as a Service solution accelerates business commerce by streamlining payments and A/R processes. On behalf of its clients, MSTS processes over $5 billion in transactions a year. MSTS, a wholly-owned subsidiary of World Fuel Services Corporation, has 40 years of experience underwriting businesses for credit and facilitates transactions for its customers in more than 190 countries and territories. For more information, visit https://www.msts.com

In the news

News Image
01/06/2020

The fleet (fuel) card market saw continued growth during the past year, but headwinds are forming through fuel efficiencies and increasing alternative vehicle growth.

News Image
12/17/2019

MSTS had quite the year in 2019, complete with important product developments, several event appearances, and plenty of partnerships formed. With such a successful year coming to an end, we still expect 2020 to be that much better.

Product Developments

News Image
11/19/2019

OVERLAND PARK, Kansas, November 19, 2019 -- MSTS, a global B2B payment and credit solutions provider, today announced Watson Fuelcards, part of WFL (UK) Limited, the UK land business of World Fuel Services, ha

News Image
11/08/2019

SINGAPORE, October 2019 -- Every online marketplace needs a progressive ecosystem of support services to function, and choosing the right providers can be crucial to the success of a marketplace business.

News Image
11/08/2019

Springfield, MO - October 30,  2019 -- Classy Llama, a full service eCommerce agency, has joined with MSTS as a partner to provide merchants an alternative payment and credit solution.

News Image
11/01/2019

Martha Salinas is the Chief Customer Officer at MSTS, a global FinTech company in the B2B payment space, based in Kansas City with operations around the world.

News Image
10/30/2019

Julia Terenjuk is the co-founder and CEO of Creative Capsule. Under her leadership, Creative Capsule has experienced healthy growth and has built a reputation as a trusted provider of high-quality software development services.