WEX to Provide Virtual Payments Solution for Calder
WEX Subsidiary, CorporatePay, to Manage Relationship
SOUTH PORTLAND, Maine & LONDON--(BUSINESS WIRE)-- 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 WEXs 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:
- Use single use virtual cards for travel booking
- Reduce costs and increase efficiency
- Streamline payment reconciliation
- Earn revenue share on processed payments
- Pay global suppliers securely with customized controls
- 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 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.
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.
News media contact:
Jessica Roy, +1 207-523-6763
David Pickett, +44 0208 080 9335
Source: WEX Inc.Copyright Business Wire 2013