WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced Australia’s largest independent leisure wholesaler,
Creative Holidays, as the latest travel company to embrace its
innovative virtual credit card technology.
Creative Holidays is part of The Travel Corporation, which operates an
extensive portfolio of award-winning travel and tourism businesses -
including guided travel experiences, independent holiday package
companies, boutique river cruising and luxury hotels - in 60 countries.
Along with fellow Travel Corporation brands Horizon Holidays and Brendan
Tours, Creative Holidays will implement the WEX virtual card solution
through WEX subsidiary, Wright Express Australia.
Wright Express Australia interim managing director Asia Pacific Greg
Drumm said he was delighted The Travel Corporation had chosen WEX’s
pioneering and proven technology to enhance its international and
domestic payment processes.
Creative Holidays Managing Director Paul McGrath says the company will
use WEX’s virtual card as a secure and reliable payment solution for
accommodation suppliers.
"Adopting a single-use virtual card solution benefits our accommodation
partners by ensuring guaranteed and faster settlements in multiple
currencies, and by making it easier for them to match reservations
against payment,” says McGrath.
“At the same time, WEX’s virtual card technology helps Creative Holidays
realize efficiencies and reduce costs by streamlining and automating the
payment reconciliation process, and by providing management with
in-depth reporting.”
With single use virtual cards, every transaction uses a unique card
number. This one-to-one payment process not only minimizes fraud risk,
it also enables companies to more easily track payments, helping boost
back-office efficiency, eliminate physical paperwork and reduce bank
fees.
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 7.4 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 1,400 associates. For more information
about WEX, please visit www.wexinc.com.
About Creative Holidays
For over 30 years, Creative Holidays has been Australia’s largest
independent holiday wholesaler. With airfares, hotels, sightseeing
trips, day tours and more, Creative Holidays has a trip to suit every
kind of traveller covering 58 destinations across the globe. For further
information please visit www.creativeholidays.com.
Copyright Business Wire 2013