Valero credit card program gets new manager

A credit card program that rewards companies filling up at Valero-branded gas stations will be under new management next year.

Wex (NYSE: WEX) signed a contract with Valero Energy Corp. to manage its fleet credit card program beginning in April, according to an announcement Monday. Valero (NYSE: VLO) had previously managed the program in-house.

The card program allows companies with large fleets of vehicles, like car rental shops and delivery providers, to earn discounts for filling up at the…


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