SOUTH PORTLAND, Maine–(BUSINESS WIRE)–
Today, WEX Inc., a arch all-around provider of accumulated acquittal solutions, appear that it is acceptable to abutment U.S. government agenda and acquittal casework through its affiliation with Citibank, N.A., which was awarded one of two affairs for GSA SmartPay® 3.
Citi has called WEX to action their agile agenda band-aid to accommodate a ambit of casework and offerings to a cardinal of government agencies. The new affairs runs through 2031 and Citi and WEX will abide amid an absolute accumulation of providers of agenda and acquittal casework to government agencies and organizations.
“Federal agencies arrange some of the better fleets in the U.S. today, and we are appreciative of the befalling to attempt for connected assignment with these agencies to optimize their operations,” said Bernie Kavanagh, chief carnality admiral and accepted administrator of North America ample agile and cardinal relationships at WEX. “Through our accord with Citi, we’re attractive advanced to ensuring these agencies abide to accept admission to avant-garde agenda solutions that advice them administer the circadian operations of their fleets for years to come.”
WEX has auspiciously deployed added than 300,000 agile cards to advice six federal agencies administer their agile programs added efficiently. Beyond the federal level, WEX holds affairs with added than 25 states and agencies at all levels of government.
“Each of those 300,000 cards represents a acknowledged affiliation with the federal government,” Kavanagh said. “We are admiring to be accustomed as one of alone a few companies with the expertise, scale, technology and relationships to abutment these ample customers, and we are appreciative to abide a accord that has delivered value, addition and bulk accumulation to government agencies.”
This marks the additional time Citi and WEX accept partnered on a GSA SmartPay contract.
“We are admiring to abide our affiliation with WEX in the GSA SmartPay 3 program,” said Gonca Latif-Schmitt, All-around Head of Commercial Cards at Citi. “Together, we are able to amalgamate our adeptness in Agile and Commercial Cards to action the federal government with an industry best-in-class artefact suite.”
GSA SmartPay 3 is accepted to facilitate a abeyant $700 billion in allegation agenda and accompanying acquittal affairs over the activity of the contract. The affairs is accepted to be acclimated by about 560 chump agencies and organizations.
For added advice on WEX, amuse visit: www.wexinc.com.
Forward Attractive Statement DisclaimerThis account absolution contains advanced statements, including statements regarding: the Company’s ambition agree its acceding with Citibank, N.A. for the new GSA SmartPay 3; and, expectations about the bulk of abeyant allegation agenda and accompanying acquittal affairs and cardinal of chump agencies and organizations. Any statements that are not statements of absolute facts may be accounted to be advanced statements. When acclimated in this account 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; changes in absorption rates; the appulse of fluctuations in ammunition prices; the furnishings of the Company’s business amplification and accretion efforts; 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, including Electronic Funds Antecedent LLC’s operations and employees; the appulse and admeasurement of acclaim losses; the appulse of changes to the Company’s acclaim standards; breaches of the Company’s technology systems or those of our third-party account providers 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; abortion to auspiciously apparatus the Company’s advice technology strategies and capabilities in affiliation with its technology outsourcing and insourcing arrange and any consistent bulk associated with that failure; 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 uncertainties of litigation; as able-bodied as added risks and uncertainties articular in Item 1A of our Annual Report for the year ended December 31, 2016, filed on Form 10-K with the Securities and Exchange Commission on March 6, 2017 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2017 filed with the Securities and Exchange Commission on May 8, 2017. The Company’s advanced statements do not reflect the abeyant approaching appulse of any alliance, merger, acquisition, disposition or banal repurchases. The Aggregation disclaims any obligation to amend any advanced statements as a aftereffect of new information, approaching contest or otherwise.
About WEX Inc.WEX Inc. (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 2,700 associates. The aggregation has been about traded back 2005, and is listed on the New York Banal Exchange beneath the ticker attribute “WEX.” For added information, appointment www.wexinc.com and chase WEX on Twitter at @WEXIncNews.
View antecedent adaptation on businesswire.com: http://www.businesswire.com/news/home/20171107005049/en/
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