|By Business Wire||
|December 5, 2013 08:32 AM EST||
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced today that it has signed a long term fuel card system processing contract with Caltex, Australia.
Under the terms of this agreement, FleetCor will implement its Global FleetNet (GFN) fuel card processing platform to run the Caltex private label commercial card program. The hosted GFN solution will replace Caltex’s existing vendor’s legacy system.
Caltex is Australia’s largest fuels retailer, and operates the market’s largest commercial fuel card program.
“Fuel cards are an important part of our business and we believe our partnership with FleetCor will help us not only meet, but exceed the demands of our customers for many years,” said Caltex Marketing Services Manager, Michael Ridley-Smith. “Fuel card operations are complex by definition, and FleetCor’s broad international experience was a key component in our decision to select them.”
Ron Clarke, FleetCor’s chairman and CEO said, “We are excited to be selected by Caltex for this important assignment. It reconfirms our view that GFN is the industry standard among today’s fuel card systems.”
Customization of the system commences January 2014, with conversion planned for early 2015.
FleetCor is a leading global provider of fuel cards and workforce payment products to businesses. FleetCor’s payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. FleetCor serves commercial accounts in North America, Latin America, Europe, and Australia/New Zealand. For more information, please visit http://www.fleetcor.com.
With more than 3.500 employees across Australia, Caltex is the nation’s leading fuels marketer and is underpinned by a flexible and reliable supply chain. The integrated business incorporates supply, refining, logistics, and marketing. With more than 27,000 shareholders, including institutions, retail investors, employees, and Chevron Global Energy, Inc., Caltex is the only oil refining, fuel and convenience marketing company listed on Australian Securities Exchange.