Citi Cards Selects Wright Express to Support Commercial Oil Card Services

Oct 31, 2007, 01:00 ET from Wright Express Corporation

    NEW YORK and SOUTH PORTLAND, Maine, Oct. 31 /PRNewswire-FirstCall/ --
 Wright Express Corporation (NYSE:   WXS), a leading provider of payment
 processing and information management services to the U.S. vehicle fleet
 industry, and Citi, the world's largest provider of credit cards, announced
 today that they have entered into a multi-year marketing and customer
 servicing alliance agreement for selected oil commercial credit card
 portfolios within Citi Cards' industry leading oil credit card franchise.
 Citi owns and manages commercial and consumer credit card portfolios in
 partnership with many leading U.S. retail and oil companies.
     "Citi is excited to work with Wright Express in the commercial
 petroleum cards market as part of our ongoing commitment to maximize sales
 growth opportunities for our oil company partners," said Craig Vallorano,
 executive vice president, Citi Cards. "This agreement will significantly
 enhance and expand Citi's ability to serve our partners and support growth
 in the important and growing fleet customer segment."
     "Our agreement with Citi capitalizes on the strengths of each company,"
 said Michael Dubyak, president and chief executive officer of Wright
 Express. "Citi is world renowned for its expertise in credit card
 partnerships, credit management and commitment to its customers, and Wright
 Express excels at comprehensive fleet card portfolio management. Leveraging
 the capabilities of the two companies will offer Citi's oil company
 partners the ability to market their private label fleet card products more
 extensively, offer multiple credit and billing options, optimize account
 activation and retention, and offer products and services that will create
 long term relationships with fleets."
     About Citi
     Citi, the leading global financial services company, has some 200
 million customer accounts and does business in more than 100 countries,
 providing consumers, corporations, governments and institutions with a
 broad range of financial products and services, including consumer banking
 and credit, corporate and investment banking, securities brokerage, and
 wealth management. Citi's major brand names include Citibank,
 CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional
 information may be found at www.citigroup.com or at www.citi.com.
     About Wright Express
     Wright Express is a leading provider of payment processing and
 information management services to the U.S. commercial and government
 vehicle fleet industry. Wright Express provides these services for
 approximately 300,000 commercial and government fleets containing 4.4
 million vehicles. Wright Express markets these services directly as well as
 through more than 125 strategic relationships, and offers a
 MasterCard-branded corporate card. The Company employs more than 675 people
 and maintains its headquarters in South Portland, Maine. For more
 information about Wright Express, please visit
 http://www.wrightexpress.com.
     Citi:
     Samuel Wang
     212.559.0499
     wangs@citi.com
 
     Wright Express Contact Information:
     Media:
     Jessica Roy
     207.523.6763
     Jessica_Roy@wrightexpress.com
 
     Investors:
     Steve Elder
     207.523.7769
     Steve_Elder@wrightexpress.com
     This press release contains forward-looking statements, including
 statements regarding the potential impact of the Wright Express Corporation
 and Citi Cards agreement on the ability to market their private label
 programs more aggressively, offer multiple credit and billing options,
 optimize account activation and retention, and offer products and services
 that will create long term relationships with fleets. These forward-looking
 statements include a number of risks and uncertainties that could cause
 actual results to differ materially. These risks and uncertainties include:
 volatility in fuel prices; fleet fueling patterns; effects of competition;
 the potential loss of key strategic relationships; decreased demand for
 fuel and other vehicle products and services and the effects of general
 economic conditions on the commercial activity of fleets; each company's
 ability to rapidly implement new technology and systems; potential
 corporate transactions including alliances, mergers, acquisitions and
 divestitures; changes in interest rates and the other risks and
 uncertainties included from time to time in each company's filings with the
 Securities and Exchange Commission. Neither company undertakes any
 obligation to update these forward-looking statements at any future date or
 dates.
 
 

SOURCE Wright Express Corporation
    NEW YORK and SOUTH PORTLAND, Maine, Oct. 31 /PRNewswire-FirstCall/ --
 Wright Express Corporation (NYSE:   WXS), a leading provider of payment
 processing and information management services to the U.S. vehicle fleet
 industry, and Citi, the world's largest provider of credit cards, announced
 today that they have entered into a multi-year marketing and customer
 servicing alliance agreement for selected oil commercial credit card
 portfolios within Citi Cards' industry leading oil credit card franchise.
 Citi owns and manages commercial and consumer credit card portfolios in
 partnership with many leading U.S. retail and oil companies.
     "Citi is excited to work with Wright Express in the commercial
 petroleum cards market as part of our ongoing commitment to maximize sales
 growth opportunities for our oil company partners," said Craig Vallorano,
 executive vice president, Citi Cards. "This agreement will significantly
 enhance and expand Citi's ability to serve our partners and support growth
 in the important and growing fleet customer segment."
     "Our agreement with Citi capitalizes on the strengths of each company,"
 said Michael Dubyak, president and chief executive officer of Wright
 Express. "Citi is world renowned for its expertise in credit card
 partnerships, credit management and commitment to its customers, and Wright
 Express excels at comprehensive fleet card portfolio management. Leveraging
 the capabilities of the two companies will offer Citi's oil company
 partners the ability to market their private label fleet card products more
 extensively, offer multiple credit and billing options, optimize account
 activation and retention, and offer products and services that will create
 long term relationships with fleets."
     About Citi
     Citi, the leading global financial services company, has some 200
 million customer accounts and does business in more than 100 countries,
 providing consumers, corporations, governments and institutions with a
 broad range of financial products and services, including consumer banking
 and credit, corporate and investment banking, securities brokerage, and
 wealth management. Citi's major brand names include Citibank,
 CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional
 information may be found at www.citigroup.com or at www.citi.com.
     About Wright Express
     Wright Express is a leading provider of payment processing and
 information management services to the U.S. commercial and government
 vehicle fleet industry. Wright Express provides these services for
 approximately 300,000 commercial and government fleets containing 4.4
 million vehicles. Wright Express markets these services directly as well as
 through more than 125 strategic relationships, and offers a
 MasterCard-branded corporate card. The Company employs more than 675 people
 and maintains its headquarters in South Portland, Maine. For more
 information about Wright Express, please visit
 http://www.wrightexpress.com.
     Citi:
     Samuel Wang
     212.559.0499
     wangs@citi.com
 
     Wright Express Contact Information:
     Media:
     Jessica Roy
     207.523.6763
     Jessica_Roy@wrightexpress.com
 
     Investors:
     Steve Elder
     207.523.7769
     Steve_Elder@wrightexpress.com
     This press release contains forward-looking statements, including
 statements regarding the potential impact of the Wright Express Corporation
 and Citi Cards agreement on the ability to market their private label
 programs more aggressively, offer multiple credit and billing options,
 optimize account activation and retention, and offer products and services
 that will create long term relationships with fleets. These forward-looking
 statements include a number of risks and uncertainties that could cause
 actual results to differ materially. These risks and uncertainties include:
 volatility in fuel prices; fleet fueling patterns; effects of competition;
 the potential loss of key strategic relationships; decreased demand for
 fuel and other vehicle products and services and the effects of general
 economic conditions on the commercial activity of fleets; each company's
 ability to rapidly implement new technology and systems; potential
 corporate transactions including alliances, mergers, acquisitions and
 divestitures; changes in interest rates and the other risks and
 uncertainties included from time to time in each company's filings with the
 Securities and Exchange Commission. Neither company undertakes any
 obligation to update these forward-looking statements at any future date or
 dates.
 
 SOURCE Wright Express Corporation