WEX to Provide Virtual Payments Solution for Wotif Group
Strengthens WEXs Global Presence in Travel Payments Sector through Wright Express Australia Subsidiary
SOUTH PORTLAND, Maine--(BUSINESS WIRE)-- 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 Groups 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 Virtuals 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 Companys 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.
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
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Source: WEX Inc.Copyright Business Wire 2013