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Wex Inc. reported revenue growth for the first quarter that beat projections from analysts and increased 8% to $381.9 million compared to a year earlier, the Portland, Maine-based fuel card and data provider announced.
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FleetCor Technologies Inc.'s Comdata is offering an open-loop MasterCard to service fleets and other businesses that allows drivers to pay for fuel and other supplies, according to the company.
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As part of the partnership, FleetCor will manage the back-end system processing and billing of LeasePlan’s new universal fuel card. FleetCor will also manage and provide a variety of other services for LeasePlan USA, the company stated.
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Monro Inc. has agreed to accept WEX Inc.'s fleet cards at their network of vehicle service centers, which is now the largest company-owned chain in the nation, WEX has announced.
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The multiple-year agreement specifies that WEX will provide Marathon Petroleum Corp. with sales and marketing resources to further drive Marathon’s retail growth. It follows an initial five-year deal between the companies.
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Fuel payment provider FleetCor Technologies has joined the S&P 500 Index as one of 500 leading U.S. companies that combine to capture about 80% of the market capitalization. FleetCor shares trade on the NYSE under the ticker FLT.
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WEX, Inc. has struck an agreement with the holding company of Shell Oil Products to issue Shell-branded fuel payment cards to commercial fleets starting later this summer, the Portland, Maine-based payment provider has announced.
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Mastercard has unveiled a fleet fuel payment service that is designed to reduce spend by integrating fuel and maintenance monitoring available on connected vehicles into the fuel payment process.
Read More →U.S. Bank Voyager has formed a partnership with fuel distributor Pinnacle Petroleum, the bank has announced.
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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.
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