FleetCor, the fleet card company, has been awarded the contract to process CITGO Petroleum Corp.’s commercial fleet card, the CITGOFleet card.
CITGO provides fleet cards to commercial businesses in the United States and its portfolio includes more than 700,000 CITGOFleet cards.
CITGO’s 13,000 retail sites are operated by a network of 700 petroleum marketers. "FleetCor’s marketer-based focus was an important factor in the vendor selection process," said Bill McCollough, general manager of Marketing Services. "The selection team felt strongly that FleetCor had the right combination of fleet card focus, jobber orientation and commitment to meet the needs of our marketers – all of which are important for us to successfully grow our fleet card portfolio."
"The CITGO contract confirms the trend that major oil marketers are moving their private label commercial card programs to specialized fleet card processors like FleetCor," said Ron Clarke, chairman and CEO of FleetCor. "This follows our strategy of partnering with major oil companies looking to aggressively grow their private label fleet card programs."
FleetCor Gets CITGO Fleet Processing Contract
FleetCor, the fleet card company, has been awarded the contract to process CITGO Petroleum Corp.’s commercial fleet card, the CITGOFleet card.
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