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SAN RAMON, Calif. — Chevron Products Co., a division of Chevron U.S.A. Inc., has inked a long-term agreement with WEX Bank, a subsidiary of WEX Inc., to issue and operate Chevron- and Texaco-branded commercial fleet cards staring in January 2018.
South Portland, Maine-based WEX, a provider of corporate payment solutions, will manage fleet card distribution and provide related payment services to Chevron and Texaco customers. The company will also provide Chevron and Texaco customers with a complete suite of features, including functionality and solutions to manage their fleets, the companies stated.
"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," said Melissa Smith, president and CEO, WEX. "We look forward to working with Chevron over the next year as we prepare to implement the program in 2018.
"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," the executive added.
Under terms of the agreement, Chevron and WEX will build a comprehensive sales and marketing program for direct sales, as well as support local efforts made by Chevron and Texaco marketers and retailers, which spans 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."
Based in San Ramon, Chevron is one of the world's largest integrated energy companies.