Gas Pos, a software-as-a service platform for the fuel industry, has partnered with cloud communications platform Twilio.
Together the partnership will enable truck stop owners accept and process fuel card transactions easily.
The tie-up results in the launch of a new virtual payment network. Furthermore, it will have the capacity to process fuel card transactions through networks including FleetCor and WEX.
The new payment option, called Steve, is supposedly cheaper than existing alternatives.
Moreover, it is said to offer fewer restrictions to the system and enhance tracking and reporting abilities.
Gas Pos CEO Joshua Smith said the firm intends to “turn the industry on its head” with the new offering.
According to Smith, the new payment network can enable an average truck stop location to save over $40,000 on a monthly basis.
The existing fleet fuel card network systems can also charge fees equal to a truck stop’s annual net profit, Smith noted.
Commenting on the development, Twilio general manager of voice and video Jesper Joergensen said: “We are inspired every day by the innovative ways companies use Twilio’s cloud communications platform to build great experiences for their customers.
“Gas Pos is a great example of this, and we look forward to powering their newest virtual payment solution.”