FleetCor Technologies, Inc. has collected "hundreds of millions" in improper fees from its fleet customers since at least 2014, according to a civil complaint filed by the Federal Trade Commission against the Atlanta-based payment processor.
WEX Inc. will begin managing the fleet fuel card program of Valero Energy Corp. under a new partnership, the Portland, Maine-based payment provider has announced.
The payment service provider is pushing forward with its "beyond fuel" initiative, a new headquarters, and contactless payments projects.
FleetCor Technologies company Sem Parar has partnered with Nissan in Brazil to allow contactless payments in its vehicles, FleetCor has announced.
Fuel supplier Phillips 66 has signed a multiple-year contract to extend its relationship with payment provider WEX Inc. to provide private label and universal fleet card services, WEX has announced.
Fleet customers who use the Comdata MyFleet card have access to a new perk — national account pricing on truck, trailer and retread tires. More than 10,000 fleets with more than 100,000 trucks use MyFleet.
Several research analysts have increased their ratings or price targets for fleet fuel card and payment provider Wex Inc. in recent months.
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.
Fleetcor Technologies, Inc. has entered into the business to business (B2B), cross-border payment market with its acquisition of Cambridge Global Payments.
Expanding its presence beyond the transportation industry to retail and construction markets, Comdata has implemented its corporate name and logo as the electronic payment solution provider’s master brand.
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