WEX Subsidiary, CorporatePay, to Manage Relationship Throughout Europe
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jun. 3, 2013--
WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced it formed an agreement with Globalia, a European
supplier of air, hotel and travel related services, to provide the WEX
Travel solution. The agreement emphasizes WEX’s commitment to service
customers across Europe with its virtual payment technology. The WEX
Travel solution allows Globalia to reduce costs, increase efficiencies,
and improve security with its pioneering single use virtual card
technology.
The WEX Travel product provides businesses with the ability to:
-
Use single use virtual cards for travel booking
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Reduce costs and increase efficiency
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Streamline payment reconciliation
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Earn revenue share on processed payments
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Pay global suppliers securely with customized controls
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Seamlessly integrate with existing systems to support high volume
operational environments
Myles Stephenson, CEO of WEX subsidiary CorporatePay said, “We are
delighted to announce another significant client win in Europe. Our
relationship with Globalia will ensure Globalia has the necessary tools
to help meet the business objective of efficient payments to drive
customer satisfaction.”
Miguel Angel Sanchez, CFO of Globalia said, “The WEX virtual solution
offers us a flexible, secure and efficient payment system for our
providers. Working with WEX allows us to further enhance our core
business activities, while we continue to develop the services and tools
for major partners.”
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 more than 7.6 million
cardholders and offering exceptional payment security and control across
a wide spectrum of business sectors. The Company’s operations include
WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express
Australia, Wright Express New Zealand and CorporatePay Limited, England,
as well as a majority equity position in UNIK S.A., Brazil. WEX and its
subsidiaries employ more than 1,300 associates. For more information
about WEX, please visit www.wexinc.com.
About CorporatePay
CorporatePay is one of the UK's leading providers of prepaid MasterCard
and Visa card solutions for business as well as a consumer currency card
programme. Operating across a range of sectors including travel,
healthcare, media and production, CorporatePay helps clients maximize
profitability and reduce cost by transforming how they manage payments
to employees, suppliers and customers. In 2012, CorporatePay was
acquired by WEX Inc., a leading provider of corporate payment solutions.
For more information on CorporatePay, please visit www.corporatepay.com.
Source: WEX Inc.
News media contact:
WEX Inc.
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com
or
JAMpr
Dawn
Hesketh, 0161 850 0565
dawn@jampr.co.uk