Takes customers beyond the credit card by integrating the advantages
of a fleet fuel card
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--May 6, 2015--
WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced the launch of the WEX FlexCard, its first revolving
payment fleet fuel card for small businesses. WEX FlexCard was designed
to help small businesses save time and money on fuel and vehicle
services, two of their biggest expenses. The card provides small
businesses with revolving credit, wide acceptance and smart management
tools.
WEX Inc. Introduces FlexCard, the New Revolving Fuel Card for Small Businesses (Photo: Business Wire)
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WEX FlexCard integrates the advantages of a credit card and a fleet card
payment solution to provide small business managers and drivers with
flexibility, security, data intelligence and expense control. Small
business managers gain the flexibility to pay in-full or carry a balance
when cash is tight; driver ID tracking for protection against
unauthorized spending; real-time viewing of purchase transactions to
stop chasing down receipts; and online tools for ordering, deleting and
immediately suspending lost or stolen driver cards.
“Although many businesses are enjoying lower fuel prices today, our
research shows that nearly half of businesses’ operating costs are fleet
related and about half of that is for fuel,” said Peggy Watson, WEX’s
vice president of North America fleet product and marketing. “For 30
years, WEX has helped businesses manage fuel and vehicle services
expenses, and this customized solution addresses small businesses’ need
for cash flow flexibility.”
Further, WEX FlexCard will provide WEX’s petroleum fuel partners with
another product for expanded growth and revenue in their current
customer portfolios.
To learn more about WEX FlexCard visit http://www.wexinc.com/fleet/small-business/
and www.wexflexcard.com/launch.
Also, check out the Small
Business Needs Fact Sheet.
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 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 publically 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150506005129/en/
Source: WEX Inc.
News media contact:
WEX Inc.
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com