SOUTH PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced it has signed a multi-year extension to provide private label and universal fleet card services for Phillips 66.
Through the agreement, WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers. Together, WEX and Phillips 66 will expand upon a comprehensive sales and marketing program for direct sales while also supporting the efforts of independent marketers and dealers at more than 7,100 Phillips 66, Conoco, and 76-branded retail outlets.
“We’re excited to expand our relationship with the Phillips 66 brands and to leverage its strong market presence in the Midwest, Rocky Mountain, and West Coast regions of the United States,” said Bill Cooper, General Manager of Fleet OTR and Partner Channels at WEX. “This agreement underscores our commitment to providing customized payment solutions that help Phillips 66 grow and retain its customer base, increase sales and penetrate new market segments.”
“Phillips 66 is proud to extend our agreement with WEX Inc, and look forward to building on the strong growth we have achieved over the past four years,” said John Barbour, Director of Credit Card Marketing and Loyalty Programs at Phillips 66. “Collaborating with WEX has allowed us to deepen our relationships with our branded customers and drive new volume to their sites.”
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 more than 7.8 million cardholders and offering exceptional payment security and control across a wide spectrum of business sectors. The Company’s operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, WEX Australia, WEX New Zealand and WEX Europe, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,400 associates. For more information about WEX, please visit www.wexinc.com.
About Phillips 66 Company
Built on more than 130 years of experience, Phillips 66 is a growing energy manufacturing and logistics company with high-performing Midstream, Chemicals, Refining, and Marketing and Specialties businesses. This integrated portfolio enables Phillips 66 to capture opportunities in the changing energy landscape. Headquartered in Houston, the company has 13,500 employees who are committed to operating excellence and safety. Phillips 66 had $51 billion of assets as of March 31, 2014. For more information, visit http://www.phillips66.com or follow us on Twitter @Phillips66Co.