WEX enters into an OTR fueling card program with GE Transportation Finance
June 1, 2015 (South Portland, Maine)
WEX Inc. WEX, +0.83% a leading provider of corporate payment solutions, today announced that it has entered into an over-the-road (“OTR”) fuel card program through which WEX Bank will offer qualified customers of GE Capital, Transportation Finance co-branded over-the-road fuel card services.
The newly co-branded Fleet One OTR fuel card, offered by WEX Bank, provides cardholders with numerous benefits including industry-leading controls, fraud reduction, level III reporting and fuel savings throughout the Fleet One network. Cardholders can execute fuel purchases through a closed network fueling solution and will receive favorable diesel pricing and integration into most 3rd party dispatch and billing systems.
Exclusive to GE Capital, Transportation Finance customers, the Fleet One OTR fuel card handles difficult data reporting and point-of-sale information tasks effortlessly, giving both companies and drivers the important information needed to make smarter routing and fuel purchase decisions.
“We are very excited about the opportunity this relationship will provide fleets nationwide. Through the Fleet One OTR fuel card program, qualified customers of GE Capital, Transportation Finance can now enjoy added security, control and cost containment measures,” said Brian Fournier, vice president of fleet partner channels at WEX. “By entering into this fuel card program, GE Capital, Transportation Finance has provided their customers with an opportunity to obtain a powerful tool to help control and manage their fleet related expenses.”
“We are extremely pleased to announce the Fleet One OTR Fuel Card program with WEX, which is designed to help our customers with their fuel purchase needs,” said John Conkin, senior vice president of sales with GE Capital, Transportation Finance. “They’ll also benefit from WEX Fleet One’s robust reporting capabilities, which provide increased security and control, allowing customers better management of their fleet expenses. This is another way we’re helping our customers better manage and grow their businesses.”
About WEX Inc.
WEX Inc. WEX, +0.83% is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries employ more than 2,000 associates. The Company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.” For more information, visit www.wexinc.com and follow WEX on Twitter at @WEXIncNews.
About GE Capital, Transportation Finance
For more than 40 years, GE Capital, Transportation Finance has supported the commercial trucking industry with customer-centric financing programs. Located in Irving, TX, the GE Capital, Transportation Finance business serves all parties in the U.S. transportation industry — including manufacturers, dealers and end-users — with wholesale and retail financing. For more information, visitwww.gecapital.com/transportation. GE Capital offers customers around the globe an array of financial products, services and insights to help them grow their businesses.
GE GE, +0.16% imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com
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SOURCE: WEX Inc.