Managing the Financial Side of Commercial Fleets

WEX to Provide Private Label Fleet Cards to ConocoPhillips

September 02, 2010

SOUTH PORTLAND, ME - Wright Express Corporation (WEX), a provider of payment processing and information management services to the U.S. commercial and government fleet industry, announced it has signed a five-year agreement to provide private label fleet card services for ConocoPhillips.

Under the terms of the agreement, Wright Express will issue fleet cards and provide related services to all three brands affiliated with ConocoPhillips' motor fuels: Conoco, Phillips 66, and 76. Wright Express and ConocoPhillips will closely collaborate in building a comprehensive sales and marketing program for direct sales, as well as to support the local efforts of independent marketers and dealers who represent these brands through over 7,500 sites.

The program will include a competitive discount offer on ConocoPhillips fuel through a branded proprietary fleet card good only at the Conoco, Phillips 66, and 76 locations, as well as a new branded universal card which will be accepted at over 150,000 fuel and service locations throughout the United States.

Michael Dubyak, chairman and CEO of Wright Express, said the company is "enthusiastic" about leveraging ConocoPhillips' strong presence in key markets such as Los Angeles, Denver, and Seattle.


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