Onyx CenterSource Announces Global Partnership with WEX to Expand Digitized Payments Options

Rhea-AI Summary

On July 14, 2020, Onyx CenterSource announced a strategic partnership with WEX to enhance virtual payment solutions for travel agency partners in the hospitality sector. This collaboration aims to streamline B2B payments, providing a more secure and efficient transaction process. Mark Dubrow, Onyx's CEO, emphasized the benefits for both hotels and travel companies, while WEX's Heather Andrews highlighted the acceleration of payment digitization due to COVID-19. Together, they plan to simplify payments and enhance customer experiences across the sector.

Positive

• Partnership aims to streamline B2B payments in hospitality.
• Enhanced virtual payment solutions expected to improve security.
• COVID-19 has accelerated demand for digitized payment methods.

Negative

• None.

DALLAS, July 14, 2020 /PRNewswire/ -- Onyx CenterSource, a leading global provider of B2B payments and business intelligence to the hospitality industry, today announced a new partnership with WEX Inc., a leading financial technology service provider, to streamline payments to travel agency partners.

The partnership will focus on virtual payments methods for different transaction types across the hospitality industry. As companies continue to focus on digitizing payments, virtual methods will be integral to industry partners and will allow a more secure payments process, in this case benefiting both hotels and travel companies, said Mark Dubrow, Onyx CenterSource CEO.

"The extensive product portfolio and global reach of WEX, combined with their experience in the travel and hospitality market as well as other verticals, made them an attractive partner," Dubrow said. "We are confident that this partnership will extend our capabilities to better serve our clients."

Heather Andrews, WEX vice president, Corporate Payments, said: "WEX is delighted to be partnering with Onyx CenterSource to drive automation in the travel industry by removing friction from B2B payments while allowing for payment flexibility. COVID-19 has accelerated the digitization of payments as companies look for efficiencies to return to growth, and Onyx is leading the charge in the hospitality space. Together, we will look to continue to simplify payments for customers using a secure and proven supplier payments solution."

WEX uses virtual payments to streamline and automate international and domestic supplier payments for a diverse range of businesses, including some of the world's largest online travel agencies. The company pioneered virtual payments in 2000 and has a strong global foothold with an extensive customer base in North America, Europe, Asia, Australia and South America.

To learn more about virtual payments, contact Onyx at www.onyxcentersource.com/get-started/.

About Onyx CenterSource

Onyx CenterSource is a leading global provider of B2B payments and business intelligence solutions to the hospitality industry. The company strives to build long-lasting relationships with its partners and is passionate about providing quality customer service, consultative insight and cost-effective solutions. With a legacy dating to 1992, the company facilitates in excess of $2.1 billion in payments annually, partnering with more than 150,000 hotel properties and 200,000 travel booking providers in 160 countries. In addition to its headquarters in Dallas, Onyx CenterSource has regional hubs in Seville, Spain, and Tønsberg, Norway.

About WEX Inc.

Powered by the belief that complex payment systems can be made simple, WEX (NYSE:WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 5,000 associates around the world. WEX fleet cards offer 14.9 million vehicles exceptional payment security and control. Its purchase volume in travel and corporate solutions grew to $39.6 billion in 2019. The WEX Health financial technology platform helps 390,000 employers and 31.8 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

CONTACT:

Onyx CenterSource
Rich Roberts
RDR PR LLC
rich@rdrpr.com 
717-903-0015

WEX
Elisabeth Andrews
elisabeth.andrews@wexinc.com 
207-523-6121

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SOURCE Onyx CenterSource

FAQ

What is the partnership between Onyx CenterSource and WEX about?

The partnership aims to enhance virtual payment solutions for travel agency partners in the hospitality industry, streamlining B2B payments.

How will the partnership affect payments for hotels and travel companies?

The collaboration will provide a more secure and efficient transaction process, benefiting both hotels and travel agencies.

How has COVID-19 impacted the digitization of payments at WEX?

COVID-19 has accelerated the demand for digitized payment methods as companies seek efficiencies to return to growth.

When was the Onyx CenterSource and WEX partnership announced?

The partnership was announced on July 14, 2020.

What benefits does the partnership bring to Onyx CenterSource and WEX clients?

Clients can expect simplified payment processes and enhanced customer experiences due to improved virtual payment solutions.