FleetCor Awarded Private Label Commercial Card Program Contract with Kwik Trip
FleetCor Technologies, Inc. (NYSE: FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced today that it has signed a long-term agreement to provide a new commercial fuel card program for Kwik Trip, Inc. in La Crosse, Wisconsin. Under the terms of this agreement, FleetCor will partner with Kwik Trip to launch and manage both a Kwik Trip Extended Network Fleet Card and a Kwik Trip Universal Fleet Card. FleetCor will be responsible for marketing and sales support, customer service, credit and collections, transaction processing, and overall management of the program. The Company expects to launch the new card programs and make them available to Kwik Trip customers later this year.
Kwik Trip, Inc. owns and operates 400 + retail fuel locations throughout Wisconsin, Minnesota, and Iowa. Included in these 400+ stores are more than 100 semi-accessible diesel locations and 24 sites offering Compressed Natural Gas (CNG). Kwik Trip, Inc.'s aggressive 5 year build schedule of roughly 30 stores per year will add 50-75 semi-accessible locations to the Kwik Trip network.
“We are pleased to have been selected by Kwik Trip to help bring new value to their customers and to grow their business with these new card offerings,” said Ron Clarke, FleetCor's Chairman and CEO. “This deal highlights the strength of our product, network, and customer management capabilities in North America.”
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