NORCROSS, Ga.--(BUSINESS WIRE)--Feb. 5, 2014--
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of
fuel cards and workforce payment products to businesses, announced today
that it has signed an agreement to provide a full service outsourcing
solution for CST Brands, Inc. in Canada (“CST”). Under the terms of this
new agreement, FleetCor will provide a full set of outsourcing services
to manage the Ultramar Universal Fleet Card portfolio including:
marketing and sales, customer service, credit and collections,
transaction processing, and overall program management. FleetCor will
acquire the existing client portfolio from the National Bank of Canada
and the cards will continue to be issued under the National Bank of
Canada MasterCard License. The Company expects to convert the portfolio
and launch new sales later this year.
In Canada, CST operates more than 850 retail fuel sites in greater
Toronto, Ottawa, province of Quebec and Atlantic Provinces and is one of
the largest retail distributors of home heating oil in Eastern Canada.
The network includes around 80 card lock sites located along natural
trucking routes or industrial parks that allow trucking and commercial
fleets to buy fuel 24 hours a day.
“We are pleased CST Canada and National Bank of Canada selected us to
manage the Ultramar Universal Fleet Card program right on the heels of
our recent Husky Oil selection,” said Ron Clarke, FleetCor’s Chairman
and CEO. “This deal is consistent with our strategy to expand our
presence and potential in the world’s top 20 markets.”
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor’ s payment programs enable
businesses to better control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, Latin America, Europe, and Australia/New
Zealand. For more information, please visit http://www.fleetcor.com.
About CST Brands, Inc.
CST Brands, Inc. (NYSE:CST) is one of the
largest independent retailers of motor fuels and convenience merchandise
in North America. Based in San Antonio, Texas, CST employs nearly 12,000
Team Members at nearly 1,900 locations throughout the Southwestern
United States and Eastern Canada offering a broad array of convenience
merchandise, beverages, snacks and fresh food. In the U.S., CST Corner
Stores proudly sell Valero fuels and signature products such as Fresh
Choices baked and packaged goods, U Force energy and sport drinks,
Cibolo Mountain coffee, FC Soda and Flavors2Go fountain drinks. In
Canada, CST is the exclusive provider of Ultramar fuels and its
Dépanneur du Coin and Corner Stores sell signature Transit Café coffee
and pastries. For more information about CST, please visit www.cstbrands.com.
Source: FleetCor Technologies, Inc.