This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

WEX Signs Long-Term Private Label Agreement With CITGO

WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced it has signed a long-term agreement to provide private label and co-branded universal fleet card services to CITGO Petroleum Corporation.

Through this agreement, WEX will issue fleet cards, provide related payment services to CITGO customers, and convert the CITGO fleet card portfolio to its platform. This provides customers with a complete range of information, features and functionality to manage their fleets. Together, WEX and CITGO will build a comprehensive sales and marketing program for direct sales and will also support the local efforts of CITGO marketers and retailers representing more than 6,000 branded retail locations.

“We’re excited to add the CITGO brand to our private label portfolio and to leverage its strong market presence in the Eastern United States,” said Ken Janosick, senior vice president of fleet payment solutions at WEX. “The agreement with CITGO 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.”

The new program will include a competitive rebate offer on CITGO fuel through a single-branded proprietary fleet card good only at the CITGO locations, as well as a co-branded universal card, which will be accepted at more than 150,000 fuel and service locations throughout the United States. These commercial offerings will bring value to loyal businesses and CITGO-branded marketers and retailers.

"WEX provides the best competitive offerings for our fleet customers, and by working together, we believe we can substantially grow our fleet business,” said Alan Flagg, general manager of light oils marketing for CITGO Petroleum Corporation. "As an industry leader, WEX brings great brand value and superior performance, both of which are important to our marketers and retailers. WEX is a great fit for CITGO in the fleet market.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%

Markets

Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs