FleetCor Technologies, Inc., a global provider of fuel cards and workforce payment products to businesses, has announced that it has signed an agreement to provide a full service outsourcing solution for CST Brands, Inc. in Canada.
Under the terms of this new agreement, FleetCor will provide a full set of outsourcing services to manage the Ultramar Universal Fleet Card portfolio including: marketing and sales, customer service, credit and collections, transaction processing, and overall program management. FleetCor will acquire the existing client portfolio from the National Bank of Canada and the cards will continue to be issued under the National Bank of Canada MasterCard License. The Company expects to convert the portfolio and launch new sales later this year.
In Canada, CST operates more than 850 retail fuel sites in greater Toronto, Ottawa, province of Quebec and the Atlantic Provinces. The network includes around 80 card lock sites located along natural trucking routes or industrial parks that allow trucking and commercial fleets to buy fuel 24 hours per day.