Chevron Products Company, a division of Chevron U.S.A. Inc., has announced it has signed a long-term agreement with WEX Bank, a subsidiary of WEX Inc. (NYSE: WEX), a global provider of industry-leading corporate payments solutions, to issue and operate Chevron- and Texaco-branded commercial fleet cards commencing in January 2018.
Through this agreement, WEX will manage fleet card distribution and provide related payment services to Chevron and Texaco customers. WEX will also 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.
“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,” said Melissa Smith, WEX’s President and Chief Executive Officer. “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.”
Additionally, Chevron and WEX will build a comprehensive sales and marketing program for direct sales, and 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 United States and Canada.
“Chevron has provided a branded commercial card program for more than 30 years, attracting large, loyal customers to our Chevron- and Texaco-branded stations,” said Glenn Johnson, General Manager of Americas Marketing Sales & Services, Chevron. “Supporting our customers through our agreement with WEX further confirms our commitment to offering innovative payment solutions that bring ongoing benefits to this valued network.”