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WEX Inc. Continues Growth in Canada with Moneris Partnership

Canada’s largest credit and debit card processor now supports WEX with PetroTrak®

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Sep. 26, 2018-- WEX Inc. (NYSE: WEX), a leading global provider of corporate payment solutions, is expanding its presence in Canada with its announcement today that it has integrated with Moneris Solutions Corporation (“Moneris”), Canada’s largest processor of debit and credit payments.

The partnership will allow petroleum-based businesses to accept WEX fleet cards using Moneris’ PetroTrak® point-of-sale (POS) and fleet management solution.

The PetroTrak® host certification provides national merchants with a comprehensive fleet management solution to process WEX Fleet Cards, as well as commercial, credit and debit card payments. To streamline reconciliation for merchants, the PetroTrak® application captures WEX Fleet Card payments in its transaction activity reports and Universal Settlement Files. Moneris is the first acquirer in Canada with a direct host connection to WEX.

“We are excited to partner with Moneris in order to bring premium commercial fleet card solutions to Canada,” said Phil Baker, Director of Product Management at WEX. “We look forward to working with Moneris and its merchants to increase the number of locations where WEX fleet customers can use their cards in Canada.”

“We are pleased to expand fleet and commercial card acceptance in Canada through our partnership with WEX,” said Patrick Diab, VP of Product and Client Solutions at Moneris. “Our payment support for WEX Fleet Cards means that petroleum-based merchants are now open to business from a leading provider of corporate payment solutions.”

Moneris is the largest credit and debit card processor and acquirer in Canada, processing more than 3 billion transactions each year for more than 350,000 merchant locations.

About WEX Inc.

Powered by the belief that complex payment systems can be made simple, WEX Inc. (NYSE: WEX) is a leading provider of payment processing and business solutions across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 3,500 associates around the world. WEX fleet cards offer 11.5 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to $7.4 billion in 2017; and the WEX Health financial technology platform helps 300,000 employers and more than 25 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

Source: WEX Inc.

WEX Media contact:
Robert Gould, 207-523-7429
robert.gould@wexinc.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding WEX Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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