Technology integrates into QBT’s Global Distribution System,
provides added security, and delivers efficiencies
MELBOURNE, Australia--(BUSINESS WIRE)--Aug. 3, 2016--
WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced that WEX Australia has extended its master agreement
with the Helloworld Group (ASX: HLO) by signing a new contract with QBT,
a market leading travel management company (TMC), to provide a virtual
payments solution.
WEX’s single-use virtual credit card (VCC) technology, which assigns
every transaction a unique card number, met QBT’s need for a solution
that would seamlessly integrate into its global distribution system
(GDS), and provide the company with additional controls for security.
Additionally, the VCC technology will deliver efficiencies by reducing
reconciliations, queries and invoice processing.
QBT provides travel management services in Australia to corporate
customers, including a range of government, large corporate and small-
to medium-sized enterprises. The company specialises in providing
simple, affordable and personal services to its customers’ clients to
ensure transparent, uncomplicated travel solutions for business
travellers.
“We are thrilled to announce the extension of our agreement with the
Helloworld Group to now include QBT, a market leader in the travel
management company space,” said Jim Pratt, SVP and GM for Virtual
Payments, WEX Inc. “QBT is our first customer to use an integration tool
through its Global Distribution System to implement the VCC solution,
and streamline its hotel bill back and credit card reconciliation
process – which is an enormous benefit for a TMC.”
“The WEX virtual payments solution was a great fit for QBT,” said QBT
General Manager, Russell Carstensen. “Not only was the integration into
our existing system seamless, we now have the ability to provide a bill
back service which removes the need to provide upfront payments to our
suppliers. That was a major attraction for us and will deliver
significant efficiencies.”
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 10 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 2,500 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.
For more information about WEX Australia, please visit www.wexaustralia.com.
About QBT
QBT is an Australian-owned Travel Management Company who are experts in
simplifying business travel for their clients, which comprise the Whole
of Australian Government, large corporates and small to medium
enterprises. They have over 200 staff across offices in Canberra,
Melbourne, Sydney, Brisbane, Perth and Darwin and provide support to
their customers internationally through their partnership with
GlobalStar.
Services include arrangements for various forms of air transportation;
accommodation, car hire, and a full range of travel management products
to assist organisations to effectively manage their travel programs.
For more information about QBT please visit www.qbt.travel
View source version on businesswire.com: http://www.businesswire.com/news/home/20160803005900/en/
Source: WEX Inc.
WEX Inc.
News media contact:
Robert Gould, 207-523-7429
Robert.Gould@wexinc.com
or
WEX
Australia
News media contact:
Susan Nicholson, +61 417
061 722
susan.nicholson@wexaustralia.com