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WEX Fleet provides vehicle fleet customers with fuel cards and data and telematics offerings for drivers. In 2012, WEX Fleet acquired Fleet One to provide fleet cards to drivers. [ 11 ] WEX Fleet also partners with GasBuddy , [ 12 ] OnDeck Capital , [ 13 ] and Chevron , [ 14 ] among other companies, to provide services to customers.
A fuel card valid in Belgium. A fuel card or fleet card is used as a payment card most commonly for gasoline, diesel, and other fuels at gas stations.Fleet cards can also be used to pay for vehicle maintenance and expenses at the discretion of the fleet owner or manager.
Motus was founded in 2004 as Corporate Reimbursement Services, Inc. (CRS) by Gregg Darish, and changed its name to Motus in 2014. [5] In 2009, Gregg Darish hired Fil Firmani as CTO to lead the technology and product strategy and evolution of the company. Fil was able to create a cloud-based scalable, mobile, API, and AI driven platform.
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Fleetcor won the $300 million Shell Europe/Asia fleet card processing contract (with Logical) in 2011 [25] and acquired Mexico’s Efectivale (a fuel and food payments services company) [26] and acquired AllStar Business Solutions (fuel card provider in the UK market) for $304 million. [27]
The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. Credit Acceptance reported annual revenue of $1.49B for 2019 ...