WEX 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. 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.
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