SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Oct. 15, 2013--
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced that it will be the provider of the new private label
and universal fleet card for RaceTrac Petroleum, Inc.
WEX has signed a multi-year agreement with RaceTrac to offer a private
label and co-branded universal fleet card program. The new program will
include a proprietary fleet card accepted at all RaceTrac and RaceWay
locations, as well as a co-branded universal card, which will be
accepted at more than 90 percent of fuel and service locations
throughout the United States.
“We are very excited to partner with RaceTrac because of its strong
brand presence in the southern United States and because it continues to
provide value to its guests,” said Ken Janosick, senior vice president
of fleet payment solutions at WEX. “We are thrilled to have been chosen
from multiple competitors in order to create RaceTrac’s new fleet card
program. The opportunity to offer both private label and universal card
programs adds another level of convenience for commercial customers.”
WEX will work closely with RaceTrac over the next few months to create
comprehensive sales and marketing programs.
“The new RaceTrac Fleet Card program is one of the ways we aim to
accomplish our mission of making people’s lives simpler and more
enjoyable,” said Karla Ahlert, vice president of finance and treasurer
at RaceTrac. “The RaceTrac Fleet Card will provide our business partners
and their teams the convenience of filling-up at more than 600 RaceTrac
and RaceWay stores while monitoring their company’s vehicle related
expenses. WEX is an industry leader in terms of guest service and
product innovation and we are happy to partner with them as we continue
to serve as the ‘Convenience Store of Choice’ for our commercial
business owners and guests.”
Headquartered in Atlanta, GA, RaceTrac has been serving guests since
1934 and now operates more than 365 convenience store locations
in Georgia, Florida, Louisiana and Texas. In January 2012, RaceTrac
introduced its new 6,000 square foot store design, featuring 24 hour
Swirl World frozen yogurt, fresh salads and sandwiches, up to 24 fueling
stations and more than 4,000 items to satisfy the needs of its guests.
While operating under the mission of making people’s lives simpler and
more enjoyable, the company has been named a top workplace by the Atlanta
Journal-Constitution (2013, 2012 and 2011), the South Florida
Business Journal (2012) the Orlando Business Journal (2011)
and the Dallas Business Journal (2010 and 2009), as well as being
recognized on Forbes list of largest private companies (1998 -
2013). For more information, visit RaceTrac on Facebook,
About WEX Inc.
WEX Inc. (NYSE: WEX) 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 more than 7.4 million
cardholders and offering exceptional payment security and control across
a wide spectrum of business sectors. The Company’s operations include
WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express
Australia, Wright Express New Zealand and CorporatePay Limited, England,
as well as a majority equity position in UNIK S.A., Brazil. WEX and its
subsidiaries employ more than 1,400 associates. For more information
about WEX, please visit www.wexinc.com.
Source: WEX Inc.
News media contact:
Jessica Roy, 207-523-6763
Michael E. Thomas, 207-523-6743