Wright Express Corp. has signed an agreement with Velcor Leasing Corp. for a cobranded commercial fleet card.
Velcor, of Madison, Wis., is a national vehicle leasing and fleet management company serving mainly small to medium-size fleets.
John J. O'Connor, president of Velcor, said the new card's benefits include "greater convenience in making fuel purchases and increased cost control and security through timely reporting of all fuel purchases."
For Wright Express, a unit of Cendant Corp., the deal is the latest in a series of cobrandings. Gary Robbins, a Wright Express vice president, said, "We hope and expect that Velcor's customers will find the card to be a highly effective management tool."