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WEX Inc. Ranks 19th on 2015 InformationWeek Elite 100

WEX’s Mobile Payments Technology Receives Business Innovation Award

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Apr. 30, 2015-- WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced it has ranked 19th, up from 26th last year, on this year’s InformationWeek Elite 100 list of the top U.S. business technology innovators.

Additionally, WEX’s Mobile Payment Gateway Enabler received InformationWeek’s 2015 Business Innovation award in the technology-enabled new product category. WEX developed this solution to solve the complicated and costly challenge that fleet managers face when adapting fleet credit cards to a mobile wallet. With a fleet card, there are multiple drivers using one card because the card is effectively tied to a vehicle, rather than an individual – and there could be thousands of vehicles. The individual users, each with their own mobile wallet, wouldn’t be able to register so many cards and/or know which one to use for any given transaction. Therefore, WEX’s Mobile Payment Gateway Enabler solution issues a virtual token that can be used like a WEX fuel card on a mobile device. The transaction is secure and seamless, as WEX determines the appropriate card to utilize for the transaction and vehicle.

Steve Crowley, WEX’s senior vice president, shared services and CIO, and John Thomas, WEX’s vice president of fleet technologies, accepted the award on WEX’s behalf at the Elite 100 Awards Dinner and Gala on April 28.

“We believe strongly in the power of technology in the payments industry, and we focus on solving the right challenge for our customers,” said Crowley. “The WEX Mobile Payment Gateway Enabler Solution is an example of how we balance the technology opportunity with the need to provide our customers with better controls and data to make smart business decisions.”

"Gone are the days IT could run as an entity unto itself. If IT isn't part of product development, or marketing, or customer service, your company risks falling behind in the era of digital business,” said InformationWeek Editor Chris Murphy. “At InformationWeek, we talk about this as 'IT Without Borders,' as we see the best IT leaders tearing down traditional borders to help every department leverage technologies such as data analytics, cloud, and mobility. The 2015 InformationWeek Elite 100 spotlights companies at which IT is not only inseparable from every department, it's pivotal to every customer experience."

This is InformationWeek’s 27th year identifying and honoring the nation's most innovative users of information technology and the fifth consecutive year WEX has made the list. The InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation. Additional details are available online at http://www.informationweek.com/elite100.

About WEX Inc.

WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries employ more than 2,000 associates. The Company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.” For more information, visit www.wexinc.com and follow WEX on Twitter at @WEXIncNews.

About InformationWeek

For more than 30 years, InformationWeek has provided millions of IT executives worldwide with the insight and perspective they need to leverage the business value of technology. InformationWeek provides CIOs and IT executives with commentary, analysis and research through its thriving online community, digital issues, webcasts, proprietary research and live, in-person events. InformationWeek’s award-winning editorial coverage can be found at www.informationweek.com. InformationWeek is produced by UBM Tech.

Source: WEX Inc.

News media contact:
WEX Inc.
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com