Wright Express Corp., a provider of payment processing and information management services to the U.S. vehicle fleet industry, and Citi, the world’s largest provider of credit cards, announced today, Oct. 31, that they have entered into a multiyear marketing and customer servicing alliance agreement for selected oil commercial credit card portfolios within Citi Cards’ oil credit card franchise. Citi owns and manages commercial and consumer credit card portfolios in partnership with many leading U.S. retail and oil companies.
“Citi is excited to work with Wright Express in the commercial petroleum cards market as part of our ongoing commitment to maximize sales growth opportunities for our oil company partners,” says Craig Vallorano, executive vice president of Citi Cards. “This agreement will significantly enhance and expand Citi’s ability to serve our partners and support growth in the important and growing fleet customer segment.”
“Our agreement with Citi capitalizes on the strengths of each company,” says Michael Dubyak, president and chief executive officer of South Portland, Maine-based Wright Express. “Citi is world-renowned for its expertise in credit card partnerships, credit management and commitment to its customers, and Wright Express excels at comprehensive fleet card portfolio management. Leveraging the capabilities of the two companies will offer Citi’s oil company partners the ability to market their private label fleet card products more extensively, offer multiple credit and billing options, optimize account activation and retention, and offer products and services that will create long-term relationships with fleets.”