TransAm Trucking moves payments system to EFS

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Updated Oct 5, 2012

Electronic Funds Source, a provider of customized payment solutions, announced it has been selected to provide a comprehensive, customized payments solution for TransAm Trucking, an Olathe, Kan.-based provider of temperature-controlled freight with a fleet of more than 1,400 tractors and more than 2,400 trailers. TransAm has moved its entire payments business to EFS, which included fleet cards, cash management functions, data mining, driver payroll distribution and settlements distribution.

“We selected EFS because of their vision for future payment technologies for the transportation industry,” said Murray Droescher, TransAm chief financial officer. “We see EFS as the company that is going to help TransAm not only sustain our industry-leading position, but continue to help move us forward. EFS is bringing real innovation and a forward- thinking approach to age-old industry challenges.”

EFS said its platform provides TransAm real-time connectivity to its transportation software so it has more visibility into its transactions as they are happening with dynamic real-time exception reporting. EFS said its applications allow TransAm to respond immediately via user-defined exception management controls, providing more proactive driver feedback, proactive driver interaction and better financial controls.

“Our customers continue to drive our innovation,” said Scott Phillips, president and chief executive officer of EFS. “TransAm is an industry-leading carrier, and we’re excited they chose to put their trust in EFS to be their sole payments provider.”