B2B Payments

EFS Fleet Control Platform Goes Mobile With New App

EFS is boosting the mobile support of fleet control cards with the launch of a new app.

The company, a unit of WEX, said Tuesday (June 6) that it is launching EFS CardControl, a mobile app that enables fleet drivers to access the EFS platform remotely on their mobile devices. The solution offers access to fleet control card funds and provides real-time visibility into spend and balances and access to manage payroll and settlement via EFS SmartFunds.

The mobile app provides all the capabilities of the desktop EFS platform, the company said, including managing recurring transfers to bank accounts and real-time visibility into the nearest fuel stations.

“EFS has been a pioneer in utilizing mobile technology to help make frictionless payments and move funds electronically within the transportation industry,” said the company’s Manager of Mobile Application Development Stacy Brothers in a statement. “The trucking industry represents one of the most sophisticated payments markets in the industries we serve, and EFS has developed some of the most robust mobile applications to bring convenience to users and simplify the complex payments requirements for carriers, drivers/contractors and brokers.”

EFS was acquired by WEX in 2015 for $1.4 billion in an effort to offset the instabilities of the fuel market. At the time of the acquisition, WEX’s quarterly profits were down 39 percent year over year.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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