WEX’s payments technology will help drive greater value at the pump to Merchants’ clients and grant access to one of the largest closed-loop fueling networks in the industry.
Hooksett, N.H., August 30, 2023 - Merchants Fleet, the nation’s fastest-growing fleet management company, is pleased to announce they are partnering with WEX (NYSE: WEX) to deploy advanced fuel card technology solutions to fleet clients throughout North America. WEX’s sophisticated payments technology offers features that help fleet management companies solve operational complexities, streamline business payments, and generate substantial savings for clients.
“Moving to WEX’s industry-leading services for our fuel management program is a game changer,” said Merchant’s VP of Client Experience, Steven Curt. “This exciting partnership brings two industry leading companies together in our shared dedication to enhancing client experience and driving efficiency. We look forward to working with WEX to deliver unparalleled value to our clients.”
The move to WEX as a fuel management solution allows Merchants Fleet to provide clients access to one of the largest closed-loop fuel-specific networks in the industry. Drivers benefit from network accessibility and ease-of-payment while fleet managers enjoy streamlined processes, cost savings, and enhanced fraud protection. What won’t be changing is 24/7 access to effective controls and detailed reporting to simplify purchases, enhance compliance, and streamline expense management.
Merchants will also implement WEX’s leading financial technology solutions and broad acceptance network into its own internal systems. Through the leading-edge WEX platform, Merchants aims to improve efficiency, reduce fraud, increase speed, and achieve cost savings on accounts payable transactions.
“Fleet managers are craving a simpler and more affordable way to manage fleets,” said Brian Fournier, WEX’s General Manager of North American Mobility. “Large businesses, mid-sized companies, governments, educational institutions, and more rely on Merchants Fleet to keep their vehicles on the road and to realize impressive cost savings. WEX is proud to be a component of Merchants Fleet’s’ highly customized mobility solutions. With the addition of Merchants Fleet, WEX now has partnerships with nearly all of the major U.S. fleet management companies (FMCs), illustrating the strength of WEX’s payments technology and network processing agreements and closed-loop fueling functionality.”
WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.