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Nashville, Tennessee, March 5, 2012 – EFS Transportation Services (EFSTS) and Transportation Clearing House, LLC (TCH) have merged to become Electronic Funds Source, LLC, (EFS). Together, these two companies have been providing payment services to the transportation industry for 30 years. Electronic Funds Source combines the experience and resources of the two companies to bring unique services that will be a dominant payments solution provider to the transportation industry.
“Outside of the obvious strategic benefits of combining these two highly complementary cultures, EFS will allow us to further accelerate the transformation of the payments landscape for our industry”, said Scott Phillips, President and Chief Executive Officer of Electronic Funds Source. “EFS better represents our purpose and commitment to the industry – to be the source for dynamic and innovative electronic funds solutions.”
Electronic Funds Source is focused on improving the transportation industry by developing new technology that will deliver “smarter payment solutions” and fleet management resources, while keeping the flexibility and customization that its customers deserve. Customers will experience no disruption to their current business as a result of this exciting new name and brand. There will be no need for customers to change their current cards and they will continue to receive the same great customer service from the same tenured people.
Over the next several months, EFS will be rolling out new applications to the industry to provide more robust payment functionality, including new products, website enhancements, mobile applications and real-time interface functionality.