HitchHiker and WEX Announce Virtual Payments Agreement in Germany
February 01 2017 - 2:00AM
Business Wire
WEX and HitchHiker work together on providing
seamless payments to the German travel industry
WEX Inc. (NYSE: WEX), a leading provider of corporate
payment solutions, today announced a new virtual payments agreement
with HitchHiker GmbH. HitchHiker specialises in content aggregation
as well as online booking and ticketing solutions for traditional
and online travel agencies, tour operators, consolidators, travel
management companies and airlines. With the agreement in place,
mutual customers are able to benefit from virtual debit, prepaid
and credit cards which can be pre-funded or using a credit line and
are available in 24 billing currencies.
Ian Johnson, Commercial Director, Virtual Payments, WEX Europe,
said, “At WEX we see great opportunity for our payments and new
technology solutions in Europe. We have been expanding rapidly into
new markets over the last few years and focus on providing our
customers with more powerful and effective solutions. Germany is a
key market for us and having HitchHiker, a leading innovator in the
travel technology space, working with us is a huge gain for our
business and our mutual customers.”
Thomas Boffo, Managing Director, HitchHiker, said, “In our role
as aggregator of flight content from Global Distribution Systems,
airline direct connects, global flight wholesalers, and other third
party content providers, it has become vital to be able to offer a
breadth of cost efficient and safe payment options which our
customers can manage according to their business requirements. For
our customers across the globe virtual payments have become the
preferred method of payment, offering benefits such as reduced risk
of fraud and misuse which conventional company cards cannot offer.
Through our agreement with WEX our mutual customers will benefit
from an increased cash flow through the credit funding option.”
Pioneered in 2000, WEX virtual payments are available in all
major international currencies and are used in over 190 countries
worldwide.
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 10
million vehicles and offering exceptional payment security and
control across a wide spectrum of business sectors. WEX serves a
global set of customers and partners through its operations around
the world, with offices in the United States, Australia, New
Zealand, Brazil, the United Kingdom, Italy, France, Germany,
Norway, and Singapore. WEX and its subsidiaries employ more than
2,500 associates. The Company has been publicly traded since 2005,
and is listed on the New York Stock Exchange under the ticker
symbol “WEX.” For more information, visit www.wexinc.com and follow
WEX on Twitter at @WEXIncNews.
About HitchHiker GmbH
HitchHiker GmbH is a leading and independent provider of
software solutions for the global travel industry, based in
Frankfurt am Main, Germany. With 25 years of experience in the
tourism industry and numerous international projects, HitchHiker
has developed solutions for the entire airfare management and
ticketing process as well as powerful online booking solutions for
all types of flights and ancillaries. HitchHiker’s customers in 27
countries comprise some of the leading online and traditional
travel agencies, tour operators, consolidators, travel management
companies and airlines worldwide. For the development of its
solutions HitchHiker trusts in industry standards such as Microsoft
technology. HitchHiker has once again attained Microsoft Gold
Application Development competency and is compliant to the Payment
Card Industry Data Security Standard.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170131005834/en/
WEX EuropeRiina Sulonen, +44 7766 254
806riina.sulonen@wexeurope.comorJPW CommunicationsJamie
Wortley, +44 (0) 1769
573444jamie@jpwcommunications.comorHitchHiker GmbHUta Will,
+ 49 (69) 50 70 3 0Marketing
Managermarketing@hitchhiker.netwww.hitchhiker.net
WEX (NYSE:WEX)
Historical Stock Chart
From Mar 2024 to Apr 2024
WEX (NYSE:WEX)
Historical Stock Chart
From Apr 2023 to Apr 2024