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SecureFuel Provides Transparent Fuel Payments

October 6, 2015 - Products

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Electronic Funds Source

Electronic Funds Source’s SecureFuel is a payment solution fleets that allows fleets to visualize fuel consumption and purchases at a unit level.

SecureFuel is a universal secure payment solution that was developed to catch unauthorized purchases by combining a truck’s telematics with fleet card transaction data. It leverages a trucks engine-control module along with transaction data to avoid the need for additional hardware.

SecureFuel works at over 14,000 truck stop locations. The payment solution works by validating the attempted EFS card transaction and tank level data against the GPS location of the truck before securely authorizing the fuel transaction. The information is then made available to the carrier upon the completion of a purchase.

“With SecureFuel, 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 and CEO of EFS.

Tags: Fraud, EFS, Fuel

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