NORTH LITTLE ROCK, Ark. -- In an attempt to lower fleet-card processing fees, Gas Pos has developed a new way for retailers to accept and process fleet-card transactions. Gas Pos is teaming up with Twilio, a cloud communications platform, to launch a virtual payment network designed as a new method to process FleetCor and WEX fleet fuel card transactions.
Gas Pos said that its new payment network is cheaper than existing options, provides the same experience for truck drivers and the same advantages for trucking companies as the existing fleet payment networks.
“We hope to turn the industry on its head. Our partnership with Twilio allows us to offer a solution at scale for a fraction of the cost of legacy systems,” said Joshua Smith, CEO of Gas Pos.
“We are inspired every day by the innovative ways companies use Twilio’s cloud communications platform to build great experiences for their customers,” said Jesper Joergensen, general manager of voice and video for San Francisco-based Twilio. “Gas Pos is a great example of this, and we look forward to powering their newest virtual payment solution.”
North Little Rock, Ark.-based Gas Pos is a software-as-a service platform for the fuel industry. It includes an EMV-compliant point-of-sale system that provides payment security for convenience stores, gas stations, travel plazas and truckstops. Payment security includes EMV, compliance of payment card industry standards and point-to-point encryption. The platform carries no capital expense investment costs for retailers. Gas Pos also provides an inventory system with the ability to track item inventory, create custom price groups and more.
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