Strengthens WEX’s Global Presence in Travel Payments Sector through
Wright Express Australia Subsidiary
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jun. 12, 2013--
WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced the WEX Virtual card solution is being adopted by Wotif
Group, a leading travel website headquartered in Australia, as an
alternative payment method for Wotif Group’s accommodation partners.
This customer win builds on WEX's entrance into Australia, and expands
upon its virtual card success in the United States, United Kingdom and
Brazil.
Greg Drumm, managing director, Asia Pacific of Wright Express Australia,
said, “WEX Virtual’s innovative card technology enhances security by
allowing precise control over payment authorizations. A virtual card is
used just once per transaction and users can set precise authorization
controls, including value limits. This helps prevent the occurrence of
inaccurate or unapproved payments. In addition, the solution interfaces
with suppliers' existing booking systems and workflow processes."
Donna Rodios, product director of Wotif Group, said, “Our accommodation
suppliers have been requesting the virtual card solution, and we're
excited to be able to offer them a streamlined way of receiving payment
and reconciling their accounts much faster for Wotif Group bookings.
This additional service will bolster our relationship with current
partners and encourage new suppliers to join the Group, particularly
from overseas where virtual credit cards are a preferred payment method."
The Wotif Group will introduce the new WEX Virtual card solution by
August this year.
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 Wotif.com
Wotif.com is a leading travel website
selling accommodation, flights and packages online in more than 69
countries. The company launched in Brisbane, Australia in March 2000 and
now has offices in 18 countries, including New Zealand, Thailand,
Singapore, Indonesia, Hong Kong, China, Malaysia and the United Kingdom,
to support its growing international presence. Wotif.com is listed on
the Australian Stock Exchange, trading under the code WTF. www.wotif.com
Source: WEX Inc.
WEX Inc.
News media contact:
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com
or
Investor
relations contact:
Michael E. Thomas, 207-523-6743
Michael.Thomas@wexinc.com