A.In 2016, WEX acquired Electronic Funds Source LLC (EFS), a provider of customized corporate payment solutions for fleet and corporate customers with a focus on the large and midsized over-the-road (OTR) segments. As EFS became a part of the WEX family, it’s helped diversify WEX’s payments offerings, adding a variety of corporate card options, including a single multipurpose card, to service the fueling needs of this important segment.
EFS also has mobile apps that help customers find accepting merchants, locate the lowest fuel prices, view negotiated vs. retail fuel prices by location, optimize routes, detect fuel slippage, and, in terms of regulatory services, do instant permitting, weighing and tax reporting. EFS gives OTR fleet managers the tools they need to run their rigs -- whether from the office or in the field -- while also helping pinpoint fuel prices in a timely manner.
Senior Vice President and General Manager
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