Fuel payment solutions provide QuikQ has announced strategic investments by truck stop and truck maintenance companies Love’s Travel Stops and TravelCenters of America to help the company expand and grow.
The financial backing of Love’s and TA will enable QuikQ to grow its fuel payments business, building more direct transparent relationships between merchants and carriers and their payment solutions provider. QuikQ will continue to operate as an independent company.
“With Love’s and TA as investors, QuikQ brings immediate competition in the fuel payments marketplace while minimizing costs for our merchant and trucking company customers,” said Dean Troester, QuikQ chief executive officer.
QuikQ offers a full suite of payment products, including a fuel payment card, SmartQ, an RFID based card-less system and Start Code, a card-less payment solution.
“QuikQ has been the successful, cost-effective backbone of our Love's Express payment platform for many years,” said Frank Love, co-CEO of Love’s and Speedco. “A large segment of our customers have benefited from the convenience and savings QuikQ’s technology provides, and QuikQ can deliver the same advantages across the trucking industry.”
In addition to QuikQ’s own fuel payment card, the company’s technology also supports other universally-accepted co-branded and private label cards, including cards for Love’s and TA. The Tennessee-based company currently has a nationwide network of more than 3,400 chain and independent merchant locations to serve its customers.
“Competition is needed, and QuikQ is positioned to positively impact merchants and trucking companies alike,” said Andy Rebholz, CEO of TA.