SOUTH
PORTLAND, Maine, November 9, 2011 – Wright Express Corporation (NYSE: WXS), a
leading global provider of business payment processing and information
management solutions, announced today a new pump shut-off feature giving fleet
managers more control over drivers’ fuel spending. Pump shut-off helps fleets increase operational
efficiency; identify and reduce transaction fraud; and better manage costs. It
is currently available at most major fuel retail locations, including 76,
CITGO, Conoco, ExxonMobil, Marathon, Phillips 66, and QuikTrip.
"The
new pump shut-off feature enables our large fleet customers to increase their
level of control, flexibility and protection to create a customized fuel
transaction," said David D. Maxsimic, Executive Vice President of Sales
and Marketing at Wright Express. "The financial and security implication
of fueling mass vehicles puts fleet customers at greater exposure for fraud,
misuse and policy violations, which increases financial risk. With this new
automated process, the customers' burden of monitoring each transaction for
fraud is eliminated, allowing them to save time and money."
Putting
the ultimate control and flexibility in customers’ hands, Wright Express
approves fuel transactions up to the maximum dollar amount the customer has
defined for the card in use, and then the pump is closed for that individual
transaction. As fuel prices fluctuate, customers also have the ability to
adjust dollar amounts across pre-selected time periods.
Through
WEXOnline®, Wright Express' online fleet management tool, customers can also
set real-time alerts, instantly gaining the ability to prevent fraud or misuse.
They will be able to access increased fuel site acceptance within the Wright
Express proprietary fuel network.
"The
new level of functionality reinforces our position as a leading innovator in
the fleet management space," added Maxsimic. "The Wright Express
network provides optimal coverage to serve any customer need and the new
pump-shut off feature is the latest offering to continue to steer us ahead in
the marketplace.”
The
pump shut-off feature will be available to large fleet customers which use
Wright Express' Product Type Controls. Many new Wright Express customers see
savings of up to 15 percent off fleet management costs, through better
management of their fleet budget. Pump shut-off gives fleets one additional
tool to tighten control over fleet expenses, and see additional savings over
traditional payment methods.
About Wright Express
Wright Express Corporation (NYSE:WXS) is a leading provider of
value-based, business payment processing and information management solutions.
The company’s fleet, corporate and prepaid payment solutions provide its more
than 350,000 customers with unparalleled security and control across a wide
spectrum of business sectors. The company’s subsidiaries include Wright Express
Financial Services, Pacific Pride and Wright Express International, including
Wright Express Prepaid Cards Australia and Wright Express Fuel Cards Australia.
Wright Express and its subsidiaries employ more than 850 associates in six countries.
For more information about Wright Express, please visit wrightexpress.com
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