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WEX Inc. (NYSE: WEX) is a global leader in corporate payment solutions designed to enhance business efficiency, security, and cost control. Founded in 1983 with a focus on fleet card payments, WEX has since diversified its offerings to encompass a wide array of corporate payment solutions, serving millions of cardholders across various sectors, including travel, healthcare, and employee benefits.
The company operates in three main segments: Mobility, Benefits, and Corporate Payments. The Mobility segment, which generates the highest revenue, offers fleet vehicle payment solutions, transaction processing, and information management services for both commercial and government fleets. The Corporate Payments segment provides business-to-business payment processing and transaction monitoring services. The Benefits segment focuses on healthcare payment products and a consumer-directed software platform.
WEX has a significant presence across North and South America, Europe, Australia, New Zealand, and Asia, employing over 2,000 associates. The company is committed to delivering exceptional payment security and control, ensuring that businesses of all sizes can operate efficiently and profitably.
Recent achievements highlight WEX's commitment to innovation and industry leadership. The company has filed a federal lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for trademark infringement. This legal action underscores WEX's dedication to protecting its brand and intellectual property rights.
For more detailed information and the latest updates, visit WEX Inc.
Emburse, a leader in expense management, has launched Emburse Pay - B2B Payments, an integrated solution designed for corporate accounts payable teams. This offering aims to enhance efficiency by streamlining invoice processing and reducing reliance on physical checks, thereby optimizing cash flow and enabling organizations to take advantage of early payment discounts. WEX is the launch partner, providing comprehensive payment services integrated into Emburse’s solutions. This product is currently available for Emburse Chrome River Invoice customers.
WEX (NYSE: WEX) announced the election of three new board directors: Nancy Altobello, Bhavana Bartholf, and Derrick Roman, effective June 4, 2021. Altobello brings expertise in talent acquisition and governance, previously serving as Global Vice Chair, Talent at Ernst & Young. Bartholf is currently Global Head of Strategy for Microsoft Solutions, contributing extensive experience in technology and business development. Roman, a former partner at PricewaterhouseCoopers, offers vast knowledge in financial accounting and risk management. Their diverse skills are expected to enhance WEX's strategic direction.
TransferMate and WEX have partnered to enhance international payment capabilities for businesses. This integration simplifies complex cross-border transactions, making them more secure and efficient. WEX clients will benefit from seamless domestic and international transfers, which will lower costs and enhance payment management. The partnership signifies a commitment to improved payment solutions for global companies, allowing for local currency transactions and enhanced tracking.
WEX (NYSE: WEX) has successfully completed its acquisition of benefitexpress, a provider of cloud-based benefits administration technologies and services. This acquisition, announced on April 14, 2021, is expected to be neutral to WEX's Adjusted Net Income for the fiscal year 2021. The strategic move aims to enhance WEX's technology offerings and market position within the financial technology sector.
WEX (NYSE: WEX) has partnered with RoadSync to integrate WEX's EFS and Fleet One payment solutions into RoadSync's digital payment platform, RoadSync Checkout. This collaboration streamlines payment processes for freight and transportation industries, allowing entities like warehouses and repair shops to accept WEX OTR payments efficiently. The move addresses customer demands for easier, more secure payment options, enhancing operational efficiency and cash flow management. WEX continues to focus on simplifying payment systems across various sectors.
WEX (NYSE: WEX), a prominent financial technology service provider, announced its participation in two investor conferences in June. On June 1, CEO Melissa Smith will present at the William Blair 41st Annual Growth Stock Conference at 3:40 PM EDT. A live webcast will be available on the company's Investor Relations website. On June 8, CFO Roberto Simon will present at the Baird Global Consumer, Technology and Services Conference at 4:20 PM EDT, with attendance by invitation only. Audio replays will be available on the website for the William Blair conference.
WEX (NYSE: WEX), a leading financial technology service provider, will present at two investor conferences in May. The CFO, Roberto Simon, will speak at the Barclays 2021 Emerging Payments and Fintech Forum on May 20 at 8:00 AM EDT. The presentation can be accessed via a live webcast on WEX's Investor Relations website. Later, on May 25 at 4:25 PM EDT, Chair and CEO Melissa Smith will present at the J.P. Morgan Global Technology, Media and Communications Conference. Audio replays of both sessions will be available on their website for 90 days.
WEX (NYSE: WEX) will host its 14th annual WEX SPARK 2021 virtual event on May 11-13. This event focuses on healthcare benefits, helping over 33 million consumers manage healthcare expenses. Each day features a two- to three-hour block of insightful content.
Key highlights include HR panels, a keynote from Adam Grant, and discussions with industry leaders. The Resource Rally will provide partners with valuable growth deliverables. Registration is free, and more details can be found at www.wexspark.com.
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