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May 28, 2014

WEX extends multi-year private label card agreement with Phillips 66

WEX, a corporate payment solutions provider, has signed a multi-year extension to provide private label and universal fleet card services for energy company Phillips 66.

By Verdict Staff

WEX, a corporate payment solutions provider, has signed a multi-year extension to provide private label and universal fleet card services for energy company Phillips 66.

Under the terms of the contract, WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers.

Together, WEX and Phillips 66 plans to expand upon a comprehensive sales and marketing program for direct sales while also supporting the efforts of independent marketers and dealers at over 7,100 Phillips 66, Conoco, and 76-branded retail outlets.

Bill Cooper, general manager of fleet OTR and partner channels at WEX, said: "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."

"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," Cooper added.

Phillips 66 credit card marketing and loyalty programs director, John Barbour, said, "Collaborating with WEX has allowed us to deepen our relationships with our branded customers and drive new volume to their sites."

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