This partnership has produced an extra layer of security for fleet owners with Ditat’s Secure Code. This feature, managed through Ditat’s TMS, requires a unique four-digit code to be entered for each purchase.
Provider of fuel payment processing for fleets reported 5% revenue decline in first quarter
WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.
Revenue for the quarter came in at $431.68 million, 13% higher than the consensus estimate of $424.31 million.
Too much data leads to fueling issues for WEX. This and other stories you may have missed this week.
WEX said that a data limit issue within its IBM Informix system was the cause of fuel cards being shut off across the country today.
Problems continued into the afternoon for customers of WEX fuel cards, including its EFS and FleetOne cardholders, as a system outage rendered cards useless at fuel pumps.
Truck drivers using EFS fuel cards have been unable to fuel their vehicles as a systems outage has shut down the cards, according to multiple reports.
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. […]
