THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The payment service provider is pushing forward with its "beyond fuel" initiative, a new headquarters, and contactless payments projects.
Fleet drivers with a WEX Inc. fuel card will now be able to use their mobile device to pay for fuel at Shell stations, the company has announced.
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.
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.
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.
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.
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.
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.
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.
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.