The Europe fuel card market is expected to reach USD 264.95 billion by 2024 owing to the rising demand for cashless transactions, and availability of add-on benefits. The evolution of technologies in the payment industry has made people more inclined towards smart payment options which ensures a track on their spending as well securely. This increased need for safe and reliable digital payment is expected to drive the fuel card industry in Europe over the next few years.
 

China, the world’s biggest oil buyer, is on the verge of opening a domestic market to trade futures contracts. It’s been planning one for years, only to encounter delays. The Shanghai International Energy Exchange, a unit of Shanghai Futures Exchange, will be known by the acronym INE and will allow Chinese buyers to lock in oil prices and pay in local currency. Also, foreign traders will be allowed to invest -- a first for China’s commodities markets -- because the exchange is registered in Shanghai’s free trade zone. There are implications for the U.S. dollar’s well-established role as the global currency of the oil market.

News Release

PINNACLE PETROLEUM JOINS U.S. BANK VOYAGER CHANNEL PARTNER PROGRAM

Gasoline and oil products distributor is the newest participating certified Woman Business Enterprise

MINNEAPOLIS and HUNTINGTON BEACH, Calif. (Dec.14, 2017) – U.S. Bank Voyager^®, a provider of fueling and maintenance solutions for fleets of all sizes, is expanding its Channel Partner Program by adding Pinnacle Petroleum, a wholesale distributor of refined petroleum products and alternative fuels. The Pinnacle Petroleum Card, used by commercial and government fleet programs across the country, is now accepted at more than 320,000 fuel and maintenance locations on the nationwide Voyager Network.

Founder and President Liz McKinley launched Pinnacle Petroleum in 1995. Two decades and numerous awards later, the Southern California-based business continues to supply retail and private fueling site customers with cost-effective, top-quality products and services. Pinnacle Petroleum joins Richmond, Virginia-based James River Solutions as one of two certified Woman Business Enterprises (WBE) in the Voyager Channel Partner Program. Pinnacle is nationally certified under the Supplier Clearinghouse and the Women Business Enterprise Network Council (WBENC) programs, among others. James River is certified under Virginia’s Small, Woman and Minority (SWaM) Program.

“Partnering with Voyager gives our cardholders access to one of the largest fleet-fueling acceptance networks in the nation,” McKinley said. “On top of that, U.S. Bank’s spend control and data reporting capabilities are second to none. The partnership is already helping us to expand our customer base and increase our worth as a WBE. We are delighted with what we’ve seen so far and look forward to a bright future together.”

The Voyager Channel Partner program allows partners to offer Voyager Fleet Cards and generate revenue based on purchases of their card holders at retailers and private fueling sites. Pinnacle joins a nationwide network of independent fuel card providers offering controlled ways to purchase fuel and maintenance services through the Voyager Network.

“Fast-growing fuel distributors like Pinnacle play a pivotal role in the Voyager Channel Partner program because of the relationships they foster in providing for the energy needs of the communities they serve,” said Ramel Lindsay, manager of Strategic Partnerships and Business Development for the U.S. Bank Voyager^® Fleet Card. “Joining with us means they can integrate local representation with nationwide acceptance. We welcome Pinnacle to our channel partner family and look forward to helping them take their offering to a new level.”

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©2017 U.S. Bank

About Pinnacle Petroleum (www.pinnaclepetroleum.com)

Pinnacle Petroleum, Inc. is a nationwide distributor of competitive