WEX Welcomes Verizon to Our Fleet Card Family

Relationships matter at WEX. In fact, one of our core values is to anticipate the needs and surpass the expectations of our customers, partners and coworkers. With that in mind, we are thrilled to share news of our three-year fleet card contract with Verizon, which operates one of the largest private vehicle fleets in the U.S.

The agreement will provide Verizon with our best-in-class fuel card technology for more than 25,000 fleet cards, while also giving the communications company additional insight into its fleet operations using our proprietary ClearView analytics platform. ClearView, a data visualization tool that’s unique in the fleet industry, provides actionable data to help companies identify long- and short-term trends, efficiencies and cost-saving opportunities.

“At WEX, analytics is all about using data to deliver value for our customers, and the ability to change behavior is part of the power of ClearView,” says Kurt Thearling, WEX VP of analytics. Based on analysis of fuel purchase data, ClearView can identify drivers who are making wasteful premium fuel purchases. For many fleet managers, expensive fuel can translate into a big hit on the bottom line.

With the end goal of changing drivers’ purchasing behavior, ClearView turns insight into action with a series of automated email or text messages reminding drivers to purchase less expensive fuel. The result? Our analysis shows that within 24 hours, 84% of the drivers contacted had changed their buying behavior. For a large fleet, this single change in fueling behavior can save a company thousands of dollars per month.

Learn more about our ClearView analytics platform and our full range of fleet card options.