SOUTH PORTLAND, Maine — WEX has announced the launch of the WEX FlexCard, its first revolving payment fleet fuel card for small businesses. WEX FlexCard was designed to help small businesses save time and money on fuel and vehicle services, two of their biggest expenses. The card provides small businesses with revolving credit, wide acceptance and smart management tools.
WEX FlexCard integrates the advantages of a credit card and a fleet card payment solution to provide small business managers and drivers with flexibility, security, data intelligence and expense control. Small business managers gain the flexibility to pay in-full or carry a balance when cash is tight; driver ID tracking for protection against unauthorized spending; real-time viewing of purchase transactions to stop chasing down receipts; and online tools for ordering, deleting and immediately suspending lost or stolen driver cards.
“Although many businesses are enjoying lower fuel prices today, our research shows that nearly half of businesses’ operating costs are fleet related and about half of that is for fuel,” said Peggy Watson, WEX’s vice president of North America fleet product and marketing. “For 30 years, WEX has helped businesses manage fuel and vehicle services expenses, and this customized solution addresses small businesses’ need for cash flow flexibility.”
Further, WEX FlexCard will provide WEX’s petroleum fuel partners with another product for expanded growth and revenue in their current customer portfolios.
To learn more about WEX FlexCard visit www.wexinc.com/fleet/small-business/ and www.wexflexcard.com/launch.