NORCROSS, Ga.--(BUSINESS WIRE)--Dec. 5, 2013--
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.
About FleetCor
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.
About Caltex
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.
Source: FleetCor Technologies, Inc.
for FleetCor Technologies, Inc.
Investor Relations
investor@fleetcor.com
770-729-2017
