WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™
March 14 2018 - 6:30AM
Business Wire
WEX Inc. , the world’s premier global fleet card and corporate
payments provider—today announced the latest addition to its
innovative line of fleet cards—WEX Cross Roads, the new one-card solution for fleets requiring
unleaded and diesel fueling options at BOTH truck stops and
convenience stores.
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WEX Inc. Introduces Proprietary Payments
Solution for Mixed Fleets: Cross Roads™ (Graphic: Business
Wire)
WEX developed Cross Roads with mixed fleet customers to create
one of the first fully closed-loop networks across retail and
high-speed diesel locations. The offer combines all the benefits
WEX cards are known for – competitive pricing, integrated reporting
and convenience, matchless product controls and the largest
proprietary network of accepting merchants – plus thousands of
added savings made available through the WEX EDGE Savings Network,
an asset leveraged from WEX’s acquisition of Electronic Funds
Source (EFS). Among those added savings are truck stop fuel
discounts that average 15 cents per gallon, as well as special
pricing on a myriad of fleet business expenses including tires,
office supplies, mobile phone plans and more.
“If your business uses a variety of vehicles—heavy trucks, vans,
sedans and other vehicles—we designed Cross Roads for you,” said
Bernie Kavanagh, SVP and GM of large fleet for WEX. “Gone are the
days of using multiple cards for retail fueling and truck stop
fueling. Leveraging synergies from our EFS acquisition, WEX is
proud to introduce Cross Roads creating a single source for
managing all fuel purchases with one system, one account, one card,
one invoice and one support team.”
Cross Roads, combined with the WEX EDGE Savings Network, will
offer fleets these industry-leading features:
- Acceptance: Fuel anywhere within
the WEX network of 160,000 + fueling sites and truck stops.
Including Pilot Flying J, Love’s, TA and many truck stop
independents.
- Savings: Enjoy a fuel discount
network averaging 15 cents per gallon at more than 3,400 travel
center or truck stop locations nationwide – plus nationwide savings
on office suppliers, wireless plans, tires and more.
- Management: Track all your fuel
spend, regardless of vehicle type, in one bill, using a single
reporting system.
- Control: 99.8 percent Level III
data and custom spending controls help beat fraud and misuse.
- Integration: Data integrates
with WEX ClearView to offer visual analysis on diesel fueling.
- Support: WEX U.S.-based customer
service reps are fleet-trained and always on call.
- Alerts: a daily savings report
sent right to your inbox documenting the day’s per gallon discount
by merchant, to help fleets manage and control expenses.
“In a world of tight budgets and schedules,” Kavanagh said,
“every dollar and minute count when you’re running a business, so
we’ve also created a daily price report that is sent right to your
inbox, your intranet or mobile device, highlighting the day’s
discounted fuel price specific to the individual merchant, helping
manage and control your fleet’s expenses.”
“We developed Cross Roads as we develop all our solutions: in
collaboration with our customers,” Kavanagh said. “Mixed-fleets can
now use a single card to fuel any vehicle and still get the widest
acceptance, most robust controls and best-in-class support they’ve
come to expect from WEX, plus the added benefit of the WEX EDGE
Savings Network, creating further value.”
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 11.3 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 3,300 associates. The
company has been publicly 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 .
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version on businesswire.com: http://www.businesswire.com/news/home/20180314005039/en/
WEX Rob Gould, 207-523-7429 Sr. Marketing Communications
Manager robert.gould@wexinc.com
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