Canada’s largest credit and debit card processor now supports WEX
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Sep. 26, 2018--
Inc. (NYSE: WEX), a leading global provider of corporate payment
solutions, is expanding its presence in Canada with its announcement
today that it has integrated with Moneris Solutions Corporation
(“Moneris”), Canada’s largest processor of debit and credit payments.
The partnership will allow petroleum-based businesses to accept WEX
fleet cards using Moneris’ PetroTrak® point-of-sale (POS) and
fleet management solution.
The PetroTrak® host certification provides national merchants
with a comprehensive fleet management solution to process WEX Fleet
Cards, as well as commercial, credit and debit card payments. To
streamline reconciliation for merchants, the PetroTrak®
application captures WEX Fleet Card payments in its transaction activity
reports and Universal Settlement Files. Moneris is the first acquirer in
Canada with a direct host connection to WEX.
“We are excited to partner with Moneris in order to bring premium
commercial fleet card solutions to Canada,” said Phil Baker, Director of
Product Management at WEX. “We look forward to working with Moneris and
its merchants to increase the number of locations where WEX fleet
customers can use their cards in Canada.”
“We are pleased to expand fleet and commercial card acceptance in Canada
through our partnership with WEX,” said Patrick Diab, VP of Product and
Client Solutions at Moneris. “Our payment support for WEX Fleet Cards
means that petroleum-based merchants are now open to business from a
leading provider of corporate payment solutions.”
Moneris is the largest credit and debit card processor and acquirer in
Canada, processing more than 3 billion transactions each year for more
than 350,000 merchant locations.
About WEX Inc.
Powered by the belief that complex payment systems can be made simple,
WEX Inc. (NYSE: WEX) is a leading provider of payment processing and
business solutions across a wide spectrum of sectors, including fleet,
travel and healthcare. WEX operates in more than 10 countries and in
more than 20 currencies through more than 3,500 associates around the
world. WEX fleet cards offer 11.5 million vehicles exceptional payment
security and control; purchase volume in its travel and corporate
solutions grew to $7.4 billion in 2017; and the WEX Health financial
technology platform helps 300,000 employers and more than 25 million
consumers better manage healthcare expenses. For more information, visit www.wexinc.com.
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Source: WEX Inc.
WEX Media contact:
Robert Gould, 207-523-7429