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WEX Announces Fleet Card Contract with Verizon

Three-Year Agreement Provides Verizon with Best-in-Class Fuel Card Technology

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Dec. 5, 2017-- Today, WEX Inc., a leading global provider of corporate payment solutions, announced a three-year fleet card contract with Verizon, which operates one of the largest private vehicle fleets in the U.S.

WEX will provide more than 25,000 fleet cards to Verizon and will provide the communications company with additional insight into its fleet operations using WEX’s proprietary ClearView analytics platform.

Bernie Kavanagh, senior vice president and general manager of North America large fleet and strategic relationships at WEX, said: “Our best-in-class technology and superior resources are designed to help Verizon achieve strategic success. We look forward to a close relationship allowing us to co-develop new solutions that will benefit both our businesses.”

ClearView – a data visualization tool that’s unique in the fleet industry – provides actionable data to help companies identify long-and short-term trends, efficiencies and cost-saving opportunities.

For more information about WEX, please visit: www.wexinc.com.

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 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 3,000 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.

Source: WEX Inc.

WEX Inc.
Robert Gould, 207-523-7429
WEX Public Relations
robert.gould@wexinc.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding WEX Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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