ARI will offer its fleet clients WEX Millennium Platform, a platform that allows real-time authorization data, increased control over transactions, and the ability to create multiple fuel profiles with different parameters, the fleet management company has announced.
WEX Inc. will begin offering a more secure chip-based payment card to its fleet customers in 2019 and plans to test the new card in 2018, according to the company.
WEX, Inc. will roll out a driver messaging feature as part of its ClearView analytics platform later this year that will send text messages and emails to remind drivers to use less expensive fuel stations or fill fleet trucks with unleaded rather than premium fuel.
WEX Inc. has extended its existing fuel management program with QuikTrip for another five years so that the convenience store and gasoline marketer will continue to market their co-branded and proprietary commercial card programs.
Fleets can manage the risk of rising fuel prices with financial instruments known as fuel hedges.
WEX Fleet One Over-the-Road card holders will be offered fuel rebates at QuikTrip locations via a merchant agreement the two companies entered into recently.
WEX Inc. is moving to acquire Electronic Funds Source LLC (EFS) for $1.1 billion and 4 million shares of common stock that will be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner.
GE Capital, Transportation Finance is launching a fuel card services program designed for over-the-road trucking companies. The program will be administered by Wex, a provider of corporate payment solutions.
WEX Fleet One has been named the provider of co-branded over-the-road fuel card services for Sinclair Oil Corporation, allowing Sinclair distributors and customers access to the WEX Fleet One network for its more than 60 truck stop locations including Sinclair’s Gold Truck Stop network.
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.
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