TORONTO, ON - August 28, 2014 /CNW/ - Foss National Leasing, Canada's leading fleet leasing and vehicle management company, announced a new partnership with Scotiabank today. The collaboration offers Scotiabank's commercial clients a new credit card -- Scotiabank Fleet Management Powered by Foss -- to better manage vehicle fleets.

"We are thrilled with the Scotiabank alliance," said Jeff Hartley, President of Foss National Leasing. "This is a terrific opportunity for our customers to benefit from Scotiabank's leadership in commercial payments. We also look forward to bringing 50 years of fleet management experience to Scotiabank's commercial clients."

Through Foss' network, companies with fleets of any size benefit from a fuel and maintenance purchase program that allows them to streamline administration, while also monitoring fuel and maintenance costs.

Foss' web-based systems provide many important fleet management features such as: license and title management, license plate renewal, as well as control and analysis of road toll charges. Data captured through the use of the new Scotiabank Fleet Management card will also give companies the ability to better control and plan fleet expenses.

"We are very excited about expanding our product offering with Foss as a partner," said Cameron McPhail, Vice President and Director of Commercial Card Sales, Scotiabank. "In addition to our current commercial card program benefits, this new relationship gives our existing clients a comprehensive fuel and fleet management system. Scotiabank Fleet Management Powered by Foss is a great addition to our product suite because it provides the opportunity for complete data extraction and policy evaluation."

About Scotiabank Global Transaction Banking

Through Global Transaction Banking, Scotiabank provides financial solutions including cash management, payments, trade finance and correspondent banking services to meet the needs of commercial and corporate customers, as well as our correspondent banking partners across our international footprint. Global Transaction Banking brings specialists together from across the organization to deliver customized solutions and seamless integration of our products and services. With an international on-the-ground network and partner-based approach, Scotiabank's global team of relationship and product managers provide our clients with the expertise to help them optimize working capital. For more information, please visit gtb.scotiabank.com

About Scotiabank

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at July 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information please visit scotiabank.com.

About Foss National Leasing

Foss National Leasing has been providing vehicle fleet management services since 1972. With programs including fuel and maintenance management, logistics, storage, and driver training, they are all designed to assist in keeping the customer's fleet safe, while on the road. Foss is known as an industry innovator offering proprietary, web-based tools that help companies manage their car and truck fleets more efficiently and economically. Customers are served from offices across Canada -- Montreal, Toronto, Calgary, Edmonton and Vancouver.

For more information, please contact:

Foss National Leasing
Ian Crapper
Vice President, Business Development, Payment Solutions
Tel: 905-709-7688 
Email: ian@fossnational.com

Scotiabank Media Communications
Myra Reisler
Tel: 416-866-6443
Email: myra.reisler@scotiabank.com