ME-based fuel card kingpin, WEX, reported Q3/15 revenue rose 2% to $226.1 million. However, on a non-GAAP basis, the Company’s adjusted net income for the quarter decreased 25% to $49.9 million.
ME-based WEX has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner. The acquisition is expected to be immediately accretive to adjusted net income.
ME-based WEX has acquired the remaining 49% stake in UNIK. Following WEX’s initial investment in 2012, WEX has now consummated the purchase of the remaining interest in UNIK.
ME-based WEX has been selected to provide its full suite of corporate payments solutions to ServiceMaster Global. Through this agreement, all corporate and participating franchise vehicles within ServiceMaster’s network of well-recognized brands including Terminix and Merry Maids, with an estimated fleet size of 6,600, will utilize WEX’s fleet, virtual and analytics solutions.
Flex Fuel, why not a Flex Card for fleet fuel. ME-based WEX has unveiled the WEX FlexCard, its first revolving payment fleet fuel card for small businesses.
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.
ME-based CashStar has teamed with PayPal to integrate CashStar-powered digital gift cards from its large network of top retailer and restaurant brands in the eBay marketplace and the PayPal Digital Gifts store.
ME-based CashStar Marketing solutions is powering more than 150 promotions this holiday season. Rewarding for both the sender and recipient, digital gift cards offer shoppers convenient and personalized gifting experiences, and enable retail and restaurant brands to influence consumer spending through targeted marketing campaigns.
The truckers payment card has gone mobile. ME-based WEX Fleet One has launched the free Fleet One Mobile application.
ME-based WEX has sealed a 10-year deal with Sinclair Oil to be the exclusive fleet card provider for Sinclair’s Fleet Track Card program.
ME-based card cleaning technology provider KICTeam has released the
“Waffletechnology Smart Card Reader Cleaning Card”, designed to remove
these contaminants by gently cleaning these critical read/write
components. Dirt, oils and other contaminants are introduced into a card
reader every time a credit card is inserted. For
the read contacts to properly access the smart chip, it is critical that
these contaminants are regularly removed to help avoid card reader errors.
When the “Waffletechnology Smart Card Reader Cleaning Card” is used on a
regular maintenance schedule, it will help maintain uninterrupted card
reader service. This product offers an extremely low
cost benefit when compared to the cost of conventional cleaning and
CashStar digital gifting and incentives company has made available the VIP Parts CashStar-powered digital gift card. With this, customers looking to buy gift cards at VIPAuto.com will have the convenience of purchasing personalized digital gift cards that can be sent via-email and redeemed for any product or service at all VIP Parts, Tires & Service locations. ME-based VIP Parts, Tires & Service privately-held automotive parts and accessories chain has 56 locations throughout Maine, New Hampshire and Massachusetts. CashStar-powered digital cards are now the only gift card offering available on VIPAuto.com. Consumers can then select the card denomination and set the day and time the gift should be delivered via email â either instantly or at a later date. CashStar digital gift cards have no shipping or redemption fees, or expiration dates.