WEX Converting Chevron and Texaco Business Card Customers
November 28 2018 - 4:45PM
Business Wire
Major Oil Companies, Convenience Store
Retailers Put Increasing Trust in Payments Pioneer
WEX Inc. (NYSE: WEX), a pioneer in corporate payments, and
Chevron U.S.A. Inc., the company behind two of North America’s
leading fuel brands, announced they have an agreement to bring
high-quality card services to Chevron and Texaco Business Card
customers.
WEX and Chevron announced the long-term agreement in December
2016. WEX will now commence bringing new Chevron and Texaco
Business Cards into the WEX portfolio of branded programs.
Under the agreement, WEX will
provide Chevron and Texaco commercial customers a
complete range of innovative digital solutions to manage their
fleets, including Fleet SmartHub, WEXOnline, Fleet DriverDash and
more.
Additionally, WEX provides Chevron a comprehensive sales
and marketing program, manages card distribution and related
payment services for its brands, and supports the efforts
of local Chevron and Texaco marketers and
retailers through a network of nearly 8,000 branded retail
locations in the United States.
WEX built and operates a proprietary closed-loop payment network
that offers fleets optimal cost controls and helps branded fuel
partners grow their customer loyalty. The company now powers
commercial and consumer fueling card programs for most major U.S.
fuel brands, and for all 10 of the Top 10 U.S. convenience store
brands by market share, with several signing long-term agreements
with WEX in the past 18 months.
“We’re excited to add the world-recognized Chevron and
Texaco brands to the WEX commercial fleet card portfolio,” WEX
Global Fleet President Scott Phillips said. “The
agreement shows the tremendous trust that industry places in
WEX, underscores our commitment to growth in the North American
fleet market, and offers Chevron and Texaco fleet customers a
robust, custom card program developed in long-term partnership with
the industry.”
“Chevron strives to deliver consistently excellent service to
the growing number of large fleets and we are excited to work with
a company like WEX that shares our values,” said Gilson Ribeiro,
Chevron’s General Manager of Americas Marketing Sales and Service.
“We’ll be working hard alongside WEX to ensure customers that rely
on our cards experience a smooth transition.”
In 2017, Chevron extended its WEX relationship globally, signing
the company to develop, support and manage its fuel card processing
portfolio in Singapore, Hong
Kong, Malaysia, Thailand and the
Philippines.
About WEXPowered by the belief that complex payment
systems can be made simple, WEX Inc. (NYSE: WEX) is a leading
provider of payment processing and business solutions across a wide
spectrum of sectors, including fleet, travel and healthcare. WEX
operates in more than 10 countries and in more than 20 currencies
through more than 3,500 associates around the world. WEX fleet
cards offer 11.5 million vehicles exceptional payment security and
control; purchase volume in its travel and corporate solutions
segment grew to $30.3 billion in 2017; and the WEX Health financial
technology platform helps 300,000 employers and more than 25
million consumers better manage healthcare expenses. For more
information, visit www.wexinc.com.
About Chevron
Chevron Corporation is one of the world's leading
integrated energy companies. Through its subsidiaries that conduct
business worldwide, the company is involved in virtually every
facet of the energy industry. Chevron explores for,
produces and transports crude oil and natural gas; refines, markets
and distributes transportation fuels and lubricants; manufactures
and sells petrochemicals and additives; generates power; and
develops and deploys technologies that enhance business value in
every aspect of the company's operations. Chevron is
based in San Ramon, Calif. More information
about Chevron is available at www.chevron.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181128005742/en/
WEX:Rob GouldRobert.Gould@wexinc.com(207) 523-7400
Chevron:Braden Reddall(925) 842 2209
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