SOUTH PORTLAND, Maine–(BUSINESS WIRE)–Chevron Products Company, a analysis of Chevron U.S.A. Inc., has appear it has active a abiding acceding with WEX Bank, a accessory of WEX Inc. (NYSE: WEX), a all-around provider of industry-leading accumulated payments solutions, to affair and accomplish Chevron- and Texaco-branded bartering agile cards basic in January 2018.
Through this agreement, WEX will administer agile agenda administration and accommodate accompanying acquittal casework to Chevron and Texaco customers. WEX will additionally accommodate Chevron and Texaco barter with a complete ambit of features, functionality and solutions to administer their fleets, alms advancing allowances to Chevron and Texaco customers.
“We’re aflame to add the Chevron and Texaco brands to our bartering agile agenda casework portfolio and to advantage their able bazaar attendance in the United States and Canada. We attending advanced to alive with Chevron over the aing year as we adapt to apparatus the affairs in 2018,” said Melissa Smith, WEX’s President and Chief Executive Officer. “The acceding with Chevron underscores our charge to advance in the North American agile bazaar and offers agile barter addition able-bodied agile agenda affairs advantage with one of the best accustomed brands in the industry.”
Additionally, Chevron and WEX will body a absolute sales and business affairs for absolute sales and will additionally abutment the bounded efforts of Chevron and Texaco marketers and retailers through a arrangement of about 8,000 branded retail locations in the United States and Canada.
“Chevron has provided a branded bartering agenda affairs for added than 30 years, alluring large, loyal barter to our Chevron- and Texaco-branded stations,” said Glenn Johnson, Accepted Manager of Americas Business Sales & Services, Chevron. “Supporting our barter through our acceding with WEX added confirms our charge to alms avant-garde acquittal solutions that accompany advancing allowances to this admired network.”
About WEX Inc.WEX Inc. (NYSE: WEX) is a arch provider of accumulated acquittal solutions. From its roots in agile agenda payments alpha in 1983, WEX has broadcast the ambit of its business into a multi-channel provider of accumulated acquittal solutions apery about 10 actor cartage and alms aberrant acquittal aegis and ascendancy beyond a advanced spectrum of business sectors. WEX serves a all-around set of barter and ally through its operations about 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 apply added than 2,500 associates. The Aggregation has been about traded back 2005, and is listed on the New York Banal Barter beneath the ticker attribute “WEX.” For added information, appointment www.wexinc.com and chase WEX on Twitter at @WEXIncNews.
About ChevronChevron Corporation is one of the world’s arch chip activity companies. The aggregation is complex in around every angle of the activity industry. Chevron explores for, produces and transports awkward oil and accustomed gas; refines, markets and distributes busline fuels and lubricants; articles and sells petrochemicals and additives; generates adeptness and produces geothermal energy; and develops and deploys technologies that enhance business amount in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. Added advice about Chevron is accessible at www.chevron.com.
This account absolution contains advanced statements, including statements regarding: the appulse of WEX’s access into a bartering agile agenda accord with Chevron Products Company, a Analysis of Chevron U.S.A. and the appulse of that accord on WEX’s, Chevron’s and Texaco’s bartering growth; and, the allowances of the aforementioned to Chevron and Texaco customers. Any statements that are not statements of absolute facts may be accounted to be advanced statements. When acclimated in this new release, the words “may,” “could,” “anticipate,” “plan,” “continue,” “project,” “intend,” “estimate,” “believe,” “expect,” and agnate expressions are advised to analyze advanced statements, although not all advanced statements accommodate such words. These advanced statements are accountable to a cardinal of risks and uncertainties that could account absolute after-effects to alter materially, including: the furnishings of accepted bread-and-er altitude on fueling patterns as able-bodied as acquittal and transaction processing activity; the appulse of adopted bill barter ante on the Company’s operations, acquirement and income; changes in absorption rates; the appulse of fluctuations in ammunition prices; the furnishings of the Company’s business amplification and accretion efforts; abeyant adverse reactions or changes to business or agent relationships, including those consistent from the achievement of an acquisition; aggressive responses to any acquisitions; ambiguity of the accepted cyberbanking achievement of the accumulated operations afterward achievement of an acquisition; the adeptness to auspiciously accommodate the Company’s acquisitions, specifically, the Electronic Funds Source LLC’s operations and employees; the adeptness to apprehend advancing synergies and amount savings; abrupt costs, accuse or costs consistent from an acquisition; the Company’s abortion to auspiciously accomplish and aggrandize bartering ammunition agenda programs for its assorted customers, including Chevron; the abortion of accumulated investments to aftereffect in advancing cardinal value; the appulse and admeasurement of acclaim losses; the appulse of changes to the Company’s acclaim standards; breaches of the Company’s technology systems and any consistent abrogating appulse on our reputation, liabilities or relationships with barter or merchants; the Company’s abortion to advance or renew key agreements; abortion to aggrandize the Company’s abstruse capabilities and account offerings as rapidly as the Company’s competitors; the accomplishments of authoritative bodies, including cyberbanking and balance regulators, or accessible changes in cyberbanking or cyberbanking regulations impacting the Company’s automated bank, the Aggregation as the accumulated ancestor or added subsidiaries or affiliates; the appulse of the Company’s outstanding addendum on its operations; the appulse of added advantage on the Company’s operations, after-effects or accommodation generally, and as a aftereffect of abeyant acquisitions specifically; cyberbanking accident if the Aggregation determines it all-important to disentangle any acquired apparatus positions above-mentioned to the cessation of a contract; the incurrence of crime accuse if our appraisal of the fair amount of assertive of our advertisement units changes; the uncertainties of litigation; as able-bodied as added risks and uncertainties articular in Item 1A of our anniversary address on Form 10-K for the year concluded December 31, 2015, filed on February 26, 2016, and Item 1.A. of Part II of the annual letters on Forms 10-Q filed on April 28, 2016 and November 8,m 2016, all with the Balance and Barter Commission. The Company’s advanced statements do not reflect the abeyant approaching appulse of any alliance, merger, acquisition, disposition or banal repurchases, added than the acquisition. The advanced statements allege alone as of the date of this account absolution and disproportionate assurance should not be placed on these statements. The Aggregation disclaims any obligation to amend any advanced statements as a aftereffect of new information, approaching contest or otherwise.
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