WEX Inc., a provider of corporate payment solutions, announced it has signed a long-term agreement to provide private label and co-branded universal fleet card services to Citgo Petroleum Corporation.
Through this agreement, WEX will issue fleet cards, provide related payment services to Citgo customers, and convert the Citgo fleet card portfolio to its platform. This provides customers with a complete range of information, features and functionality to manage their fleets.
Together, WEX and Citgo will build a comprehensive sales and marketing program for direct sales and will also support the local efforts of Citgo marketers and retailers representing more than 6,000 branded retail locations.
The new program will include a competitive rebate offer on Citgo fuel through a single-branded proprietary fleet card good only at the Citgo locations, as well as a co-branded universal card, which will be accepted at more than 150,000 fuel and service locations throughout the United States.