WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced that it has entered into an over-the-road (“OTR”) fuel
card program through which WEX Bank will offer qualified customers of GE
Capital, Transportation Finance co-branded over-the-road fuel card
services.
The newly co-branded Fleet One OTR fuel card, offered by WEX Bank,
provides cardholders with numerous benefits including industry-leading
controls, fraud reduction, level III reporting and fuel savings
throughout the Fleet One network. Cardholders can execute fuel purchases
through a closed network fueling solution and will receive favorable
diesel pricing and integration into most 3rd party dispatch
and billing systems.
Exclusive to GE Capital, Transportation Finance customers, the Fleet One
OTR fuel card handles difficult data reporting and point-of-sale
information tasks effortlessly, giving both companies and drivers the
important information needed to make smarter routing and fuel purchase
decisions.
“We are very excited about the opportunity this relationship will
provide fleets nationwide. Through the Fleet One OTR fuel card program,
qualified customers of GE Capital, Transportation Finance can now enjoy
added security, control and cost containment measures,” said Brian
Fournier, vice president of fleet partner channels at WEX. “By entering
into this fuel card program, GE Capital, Transportation Finance has
provided their customers with an opportunity to obtain a powerful tool
to help control and manage their fleet related expenses.”
“We are extremely pleased to announce the Fleet One OTR Fuel Card
program with WEX, which is designed to help our customers with their
fuel purchase needs,” said John Conkin, senior vice president of sales
with GE Capital, Transportation Finance. “They’ll also benefit from WEX
Fleet One’s robust reporting capabilities, which provide increased
security and control, allowing customers better management of their
fleet expenses. This is another way we’re helping our customers better
manage and grow their businesses.”
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of
corporate payment solutions. From its roots in fleet card payments
beginning in 1983, WEX has expanded the scope of its business into a
multi-channel provider of corporate payment solutions representing 9
million vehicles and offering exceptional payment security and control
across a wide spectrum of business sectors. WEX serves a global set of
customers and partners through its operations around the world, with
offices in the United States, Australia, New Zealand, Brazil, the United
Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its
subsidiaries employ more than 2,000 associates. The Company has been
publicly traded since 2005, and is listed on the New York Stock Exchange
under the ticker symbol “WEX.” For more information, visit www.wexinc.com
and follow WEX on Twitter at @WEXIncNews.
About GE Capital, Transportation Finance
For more than 40 years, GE Capital, Transportation Finance has supported
the commercial trucking industry with customer-centric financing
programs. Located in Irving, TX, the GE Capital, Transportation Finance
business serves all parties in the U.S. transportation industry —
including manufacturers, dealers and end-users — with wholesale and
retail financing. For more information, visit www.gecapital.com/transportation.
GE Capital offers customers around the globe an array of financial
products, services and insights to help them grow their businesses.
GE (NYSE: GE) imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com
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