#USA #Atlanta #Relay Payments #Relay Pulse #fuel fraud

Relay Payments Launches Relay Pulse

Relay Payments, a pioneering fintech enterprise focused on modernizing payment systems in trucking and logistics, has recently introduced a groundbreaking feature called Relay Pulse. This innovative solution is specifically designed to target and mitigate fuel fraud, particularly first-party instances that have long plagued the industry.

With an integration capability that includes over 100 electronic logging device (ELD) providers such as Samsara, Motive, and ISAAC, Relay Pulse provides fleet operators with enhanced oversight of driver fueling activities. This visibility is critical in addressing unauthorized fueling, which can significantly impact operational costs and overall efficiency.

The Challenge of Fuel Fraud

Fuel fraud, especially in the form of first-party theft, presents a substantial challenge for many fleet operators. Carriers often find it difficult to keep track of their drivers' fueling behaviors, and unauthorized transactions can go unnoticed until it’s too late. The manual processes traditionally used to catch these discrepancies can be time-consuming and usually only identify problems after they have occurred.

Relay Pulse’s Solution

Relay Pulse aims to transform how fleets monitor and manage fuel transactions by automatically integrating with ELD systems. This direct connection allows for real-time tracking and enforcement of fueling policies. Key features include:

• - Automatic Enforcement of Fuel Thresholds: Relay Pulse can block unauthorized transactions if the fuel tank capacity is exceeded, thus preventing excessive fueling.
• - Fuel Consumption Verification: The system ensures that the fuel tank’s level actually increases after a transaction, providing a quick method of verifying fueling activities.
• - Location Verification: Fueling attempts are scrutinized based on the truck's location, preventing transactions when drivers are not near their assigned vehicles.
• - Real-Time Syncing: Drivers and vehicles are continuously monitored to accurately link fueling activities to the correct drivers, simulating a customized fleet management solution.
• - Driver Onboarding and Offboarding: This functionality simplifies the process of adjusting driver permissions within the ELD system, ensuring that only authorized personnel can engage in fueling activities.

Impact on Operations

Operations Manager at Royal Carrier LLC, Navjot Thandi, emphasizes the transformative impact of Relay Pulse on their operations: "Relay Pulse has been a game changer for us. We can now accurately track fuel usage and costs in real time – no more guessing, and no more theft. It’s a powerful tool that gives us visibility into our operations and helps us reduce expenses, which is critical in today’s market.”

In the words of Ryan Droege, CEO of Relay Payments, "Fuel fraud costs carriers millions each year, yet most solutions leave too many gaps in visibility and control. First-party fuel fraud is often an afterthought, and when fleets do try to solve for it, they’re stuck with time-consuming manual processes. Relay Pulse changes that by giving carriers real-time control over how much their drivers can purchase and when."

Conclusion

Relay Pulse not only addresses the urgent need for better fraud prevention but also positions Relay Payments as a leader in integrating fintech solutions within the logistics sector. The future of fuel management in trucking looks more secure with this new tool that leverages existing technologies for enhanced visibility and accountability.

To learn how Relay Pulse can protect your fleet from fuel fraud, you can visit their website at relaypayments.com/pulse for more information.

About Relay Payments

Founded in 2019 and headquartered in Atlanta, Relay Payments is redefining payment systems within the trucking and logistics industries. With a rapidly expanding network that includes over 400,000 drivers and 100,000 carriers in addition to partnerships with major industry players, Relay is committed to delivering efficiency and security, streamlining transactions that have traditionally relied on cash, checks, and cards.