Electronic Funds Source Offers New SecureFuel Service

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Electronic Funds Source is offering a new way to stop unauthorized fuel purchases in real time by using a combination of truck telematics and fleet card transaction data to verify information before fuel is dispensed.

SecureFuel combines data from the truck’s engine-control module and the fuel card to determine the location and fuel capacity of the truck before authorizing a purchase. Information is transmitted to carrier management when the transaction is completed.

“We can limit the fuel purchase to the available tank capacity and provide real-time alerts and exception reporting to our customers,” said Scott Phillips, president of Nashville, Tennessee-based EFS.

“It is yet another example of EFS listening to our customers and delivering on the issues they want us to solve by ‘making payments smarter,’ ” he added.

EFS provides corporate and private-label purchasing cards, payroll services, money transfer and expense management services.


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