WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™

March 14, 2018

SOUTH PORTLAND, Maine–(BUSINESS WIRE)–WEX
Inc.
, the world’s premier global fleet card and corporate payments
provider—today announced the latest addition to its innovative line of
fleet cards—WEX Cross Roads,
the new one-card
solution
for fleets requiring unleaded and diesel fueling options
at BOTH truck stops and convenience stores.

WEX developed Cross Roads with mixed fleet customers to create one of
the first fully closed-loop networks across retail and high-speed diesel
locations. The offer combines all the benefits WEX cards are known for –
competitive pricing, integrated reporting and convenience, matchless
product controls and the largest proprietary network of accepting
merchants – plus thousands of added savings made available through the
WEX EDGE Savings Network, an asset leveraged from WEX’s acquisition of
Electronic Funds Source (EFS). Among those added savings are truck stop
fuel discounts that average 15 cents per gallon, as well as special
pricing on a myriad of fleet business expenses including tires, office
supplies, mobile phone plans and more.

“If your business uses a variety of vehicles—heavy trucks, vans, sedans
and other vehicles—we designed Cross Roads for you,” said Bernie
Kavanagh, SVP and GM of large fleet for WEX. “Gone are the days of using
multiple cards for retail fueling and truck stop fueling. Leveraging
synergies from our EFS acquisition, WEX is proud to introduce Cross
Roads creating a single source for managing all fuel purchases with one
system, one account, one card, one invoice and one support team.”

Cross Roads, combined with the WEX EDGE Savings Network, will offer
fleets these industry-leading features:

Acceptance:
Fuel anywhere within the WEX network of 160,000 +
fueling sites and truck stops. Including Pilot Flying J, Love’s, TA
and many truck stop independents.
Savings:
Enjoy a fuel discount network averaging 15 cents per
gallon at more than 3,400 travel center or truck stop locations
nationwide – plus nationwide savings on office suppliers, wireless
plans, tires and more.
Management:
Track all your fuel spend, regardless of vehicle
type, in one bill, using a single reporting system.
Control:
99.8 percent Level III data and custom spending
controls help beat fraud and misuse.
Integration:
Data integrates with WEX ClearView to offer visual
analysis on diesel fueling.
Support:
WEX U.S.-based customer service reps are fleet-trained
and always on call.
Alerts:
a daily savings report sent right to your inbox
documenting the day’s per gallon discount by merchant, to help fleets
manage and control expenses.

“In a world of tight budgets and schedules,” Kavanagh said, “every
dollar and minute count when you’re running a business, so we’ve also
created a daily price report that is sent right to your inbox, your
intranet or mobile device, highlighting the day’s discounted fuel price
specific to the individual merchant, helping manage and control your
fleet’s expenses.”

“We developed Cross Roads as we develop all our solutions: in
collaboration with our customers,” Kavanagh said. “Mixed-fleets can now
use a single card to fuel any vehicle and still get the widest
acceptance, most robust controls and best-in-class support they’ve come
to expect from WEX, plus the added benefit of the WEX EDGE Savings
Network, creating further value.”

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 11.3 million vehicles and
offering exceptional payment security and control across a wide spectrum
of business sectors. WEX serves a global set of customers and partners
through its operations around the world, with offices in the United
States, Australia, New Zealand, Brazil, the United Kingdom, Italy,
France, Germany, Norway and Singapore. WEX and its subsidiaries employ
more than 3,300 associates. The company has been publicly traded since
2005, and is listed on the New York Stock Exchange under the ticker
symbol “WEX.” For more information, visit
www.wexinc.com
and follow WEX on Twitter at
@WEXIncNews
.