PCMI and WEX combine forces in Europe to provide
warranty companies with the tools to streamline claims payment processes
London, UK, 8 May,
2017 - WEX Inc. (NYSE: WEX), a leading
provider of corporate payment solutions, today announced a new agreement with PCMI
Corporation in Europe, following success working together in North America. PCMI
is a leading provider of integrated software solutions for Extended Warranty
management and F&I administration. Through PCMI's PCRS administration
system, WEX's single-use electronic claims payment solution provides
value-added information for the accounts payable departments of warranty
companies, as well as complete control over the electronic claims payment
process.
Ian Johnson,
Commercial Director, Virtual Payments, WEX Europe, said, "We are excited to
grow our partnership with PCMI into Europe, at WEX we are always looking for
growth opportunities and ways to expand our business offerings so that we can
provide customers with effective and innovative solutions. Following success in
North America, the European warranties industry is a key area of focus for WEX and
we are pleased to have the opportunity to work with such as PCMI."
Mark
Nagelvoort, President and CEO, PCMI, said, "We are passionate about supporting our customers' growth
by offering innovative technology and software solutions. The integration with
WEX allows us to provide a full service claims solution to our customers in
Europe."
Pioneered in 2000, WEX virtual payments provide a real-time
and touch free electronic payment method that is secure and globally accepted. As
well as enhancing working capital with a credit line, virtual payments allow
businesses to reduce administration and overhead in accounts payable with
auto-reconciliation.
WEX and PCMI are jointly
exhibiting at the Automotive Warranty Management show, on 16th and
17th May 2017, at the Holiday Inn Munich – City Centre in Munich,
Germany.
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 2,700 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 PCMI
About PCMI
PCMI provides
the technology to increase sales and provide automation in the administration
of Extended Warranties, Service Contracts, Prepaid Maintenance, Theft
Prevention and Detection, GAP, and Manufacturer's Warranty Claims. The company
leadership brings decades of policy claim and reporting software technology to
the market. Its software supports domestic and international markets for
Automotive, Consumer, and Home Extended Warranty providers.
News media contact:
WEX Europe
Jamie Wortley (JPW Communications) +44 (0) 7877 589 910 jamie@jpwcommunications.com
PCMI
Mark Nagelvoort
+1 (847) 653-6916 mark.nagelvoort@pcmicorp.com