Type Public | CEO Melissa D Smith | |
Traded as NYSE: WEX
S&P 400 Component Founded 1983 as Wright Express Corp Key people Melissa D. Smith
(President)
(CEO)
Steven Elder
Senior Vice President and Chief Financial Officer Products fleet cards, corporate payments, virtual card Revenue USD 393.58; million (2008) Stock price WEX (NYSE) US$ 101.78 +1.72 (+1.72%)5 Apr, 4:02 PM GMT-4 - Disclaimer Headquarters South Portland, Maine, United States Chief information officer Stephen Crowley (Shared Services) Subsidiaries TelaPoint Inc, Wright Express New Zealand Profiles | ||
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.
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.