SOUTH PORTLAND, Maine -- Wright Express Corp., a provider of payment processing and information management services to the U.S. and Canadian commercial and government fleet industry, announced that it has signed a 10-year agreement to provide private-label fleet card services for ExxonMobil Corp.
Wright Express has been providing ExxonMobil with outsourced proprietary fleet card transaction processing, marketing and other ancillary support services since 1999.
Under the terms of the new agreement, it is anticipated that Wright [image-nocss] Express will purchase the existing ExxonMobil fleet card portfolio near the end of the year. As the issuer of the ExxonMobil fleet card, Wright Express will continue to process the fleet card transactions and provide funding for future receivables. Wright Express also will provide private-label fleet card services including marketing services, sales, credit approval and management, card authorization, private-label credit card issuance, statement generation, customer services functions and online services.
"Under this agreement, Wright Express will continue to provide ExxonMobil with a world-class set of services. These services will enhance ExxonMobil's success in acquiring new customers, retaining existing customers, increasing sales, and penetrating new market segments, said Michael Dubyak, president and CEO of Wright Express, South Portland, Maine.
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