WEX has launched a new fuel card designed for small businesses. The FlexCard offers revolving credit, wide acceptance and management tools.
The card integrates the advantages of a credit card and a fleet card payment solution to provide flexibility, security, data intelligence and expense control, the company said. Customers can pay in-full or carry a balance.
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 are among the other benefits.
“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.”
