WEX Inc.

WEX

Type	Public
Traded as	NYSE: WEX
Founded	1983
Headquarters	South Portland, Maine, United States
Key people	Melissa D. Smith (President) (CEO) Steven Elder Senior Vice President and Chief Financial Officer[1]
Products	fleet cards, corporate payments, virtual card
Revenue	USD 393.58; million (2008)[2]
Operating income	USD 161.43; million (2008)[2]
Net income	USD 127.64; million (2008)[2]
Number of employees	~700 (2009)[3]
Website	www.wexinc.com

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The Company provides services in the United States, Canada, New Zealand, and Australia.

Operations

The Company’s operations are organized into two segments: Fleet and MasterCard. The Fleet segment provides customers with payment processing services for vehicle fleet industries. The MasterCard segment provides customers with payment processing for the purposes of corporate purchasing and transaction monitoring. The Company’s wholly owned banking subsidiary, WEX Bank approves the customer applications and owns the customer relationships for the fuel and maintenance programs, and offers MasterCard-branded corporate payments.^[2]

The Company’s operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, WEX Australia, WEX New Zealand and CorporatePay Limited, England, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,400 associates.

References

1. "WEX corporate governance page".
2. "Wright Express Corporation results". 2009-06-12. Retrieved 2009-06-12.
3. "http://phx.corporate-ir.net/phoenix.zhtml?c=186699&p=irol-irHome". External link in |title= (help);