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 WEX
Powered 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181128005742/en/
Copyright Business Wire 2018