WEX Bank, a subsidiary of corporate payment solutions provider WEX, has reached an agreement with Chevron Products Company to issue and manage Chevron- and Texaco-branded commercial fleet cards, starting January 2018.
Under the terms of deal, WEX will manage fleet card distribution and offer related payment services to Chevron and Texaco customers.
Additionally, WEX will provide Chevron and Texaco customers with a complete range of features, functionality and solutions to manage their fleets, offering ongoing benefits to Chevron and Texaco customers.
Furthermore, Chevron and WEX will build a comprehensive sales and marketing programme for direct sales. Both firms will also support the local efforts of Chevron and Texaco marketers and retailers through a network of nearly 8,000 branded retail locations in the US and Canada.
WEX president and CEO Melissa Smith said: “We’re excited to add the Chevron and Texaco brands to our commercial fleet card services portfolio and to leverage their strong market presence in the United States and Canada. We look forward to working with Chevron over the next year as we prepare to implement the program in 2018.
“The agreement with Chevron underscores our commitment to growth in the North American fleet market and offers fleet customers another robust fleet card program option with one of the most recognized brands in the industry.”