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WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Mar. 14, 2018-- 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.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180314005039/en/

WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™ (Graphic: Business  ...

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 .

Source: WEX Inc.

WEX
Rob Gould, 207-523-7429
Sr. Marketing Communications Manager
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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