WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced it formed an agreement with Calder Conferences & World
of Travel to provide the WEX Travel solution. Calder is recognised as
one of the United Kingdom's leading agencies for accommodation,
conference, event management and business travel, boasting an impressive
portfolio of both private and public sector clients from varying
industry sectors. The agreement emphasises WEX’s commitment to service
customers across Europe with its virtual payment technology. The WEX
Travel solution allows Calder 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:
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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. This
relationship will ensure Calder has the necessary tools to help meet the
business objective of efficient payments to drive customer satisfaction.”
James Turner, Commercial Director Calder 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 7.5 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 maximise
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.
Copyright Business Wire 2013