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WEX Australia Selected By Flight Centre Travel Group For WEX Virtual Payments Solution

March 19, 2015 Corporate No Comments Email Email

WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that its subsidiary, WEX Australia, signed an agreement with Flight Centre Travel Group (FCTG), one of the world’s largest travel agency groups, for a virtual payments solution for a key part of its business.http://thailand.operationsmile.org/help/donate/

FCTG’s adoption of WEX’s virtual credit card solution for its Flight Centre Global Product business (FCGP) realises efficiencies and reduces costs by streamlining and automating the payment reconciliation process, and by providing management with in-depth reporting across multiple currencies.

WEX’s single-use virtual card technology, which assigns every transaction with a unique card number, allows FCGP to more easily track payments, boosting back-office efficiency and reducing physical paperwork.

“WEX Australia’s virtual payments solution met our need for a seamless integration into our booking system, provision of additional controls and will deliver efficiencies by reducing reconciliations, queries and invoice processing,” said Jason Hartley, general manager of Flight Centre Global Product – Leisure.

“We are thrilled that we were able to complement the operations of Flight Centre, a leading bricks and mortar and online travel agency and a true Australian success story,” said Greg Drumm, managing director of WEX Australia.

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