WEX® and MyFlightSolutions™ Launch My Copilot™, an All-in-One Virtual Card Payment Solution
October 31 2016 - 06:45AM
Business Wire
The first-of-its-kind My Copilot™ app is
tailored to pilots, international trip planning companies, fuel
companies and related businesses to streamline aviation-related
purchases
WEX Inc.® (NYSE: WEX), a leading provider of corporate
payment solutions, and MyFlightSolutions™, an
innovative leader in aviation software, announce the launch of a
new all-in-one virtual payments application called My Copilot™. The
My Copilot™ app offers innovative new technology and maximum
flexibility for pilots and aviation industry professionals, such as
fixed-base operators (FBOs), international trip-planning companies,
fuel distributors and more.
“Enabling operators to quickly and automatically reconcile a
pilot’s trip expenses is groundbreaking for aviation
businesses,” explained Jim Pratt, SVP, general manager, WEX Virtual
Payments. Another benefit of My Copilot™ is the ability to
automate the receipt tracking process so that users no
longer need to manually keep track of unwieldy copies of receipts
for approved expenses. “Simply put, this app means that pilots will
‘free up’ their wallets, which are usually chock-full of fuel
credit cards,” notes Pratt. “Plus, aircraft operators no longer
need to worry about losing track of cumbersome paper releases in
order to buy fuel.”
The app generates a single-use Mastercard® payment solution for
all purchases of fuel and FBO services, as well as transportation,
commercial airfare and hotel expenses anywhere Mastercard® is
accepted globally.
Virtual payment solutions help drive down costs and increase
productivity, resulting in bottom-line savings. For merchants, the
My Copilot™ app requires no new processes or integrations because
transactions are processed as traditional Mastercard® credit cards
at the point of sale.
Additional My Copilot™ features include:
- Implement easily without additional
hardware or software
- Capture quality data and enables robust
and insightful reports
- Establish transaction- or trip-specific
controls
- Assign purchases to cost centers or
general ledger accounts
- Reduce fraud and credit card
misuse
- Access accounts anytime, from anywhere,
even on mobile devices
“The My Copilot™ app and WEX’s virtual payment solutions have
flexible application program interface (API) capabilities, which
empowers aviation operations to seamlessly integrate the solution
into current fuel order, scheduling, accounts payable or global
distribution systems (GDS),” said Tom Perkins, president,
MyFlightSolutions, a Flying Software Labs company. “We’re extremely
proud to be part of My Copilot™’s innovative technology, which is
unavailable elsewhere in the market today.”
Featuring robust data and receipt capture technology, the My
Copilot™ app sends real-time information to connect the entire
flight department. The app also allows users to generate single-use
Mastercard® payment solutions without release (within
corporate-controlled parameters), which means no delayed or
stranded pilots.
MyFlightSolutions and WEX will team up to demonstrate the My
Copilot™ app in booths 4686 and 4687 during NBAA’s Business
Aviation Convention & Exhibition (#NBAA16). Visit
myflightsolutions.com/myflightcopilot/ to view a video about the My
Copilot™ app. For more information about MyFlightSolutions, visit
myflightsolutions.com, call 1-801-694-0242 or email
payments@myflightsolutions.com.
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 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 MyFlightSolutionsMyFlightSolutions™ is a
fast-growing, Salt Lake City, Utah-based aviation technology
company that develops software applications for the business and
general aviation industry. Founded in 2011, MyFlightSolutions was
named one of the “20 Most Promising Solution Providers 2016” in the
Aerospace Industry by CIOReview magazine. Wholly owned by Flying
Software Labs, Inc., MyFlightSolutions is a comprehensive suite of
aviation business software modules comprised of
MyFlightFBO®, MyFlightCopilot™ / My Copilot™,
MyFlightCharter™, MyFlightMXShop™ and
MyFlightTrain®. The product suite provides clients powerful,
easy-to-use web-based systems to manage aviation-related
activities, offering a fresh, modern platform for clients managing
fixed-base operators (FBOs), Charter Operators, Maintenance Shops
and aviation flight schools. On Dec. 31, 2016, MyFlightSolutions
will merge with Vessix Inc. and continue doing business as
MyFlightSolutions. For more information, visit
www.myflightsolutions.com and follow MyFlightSolutions on Twitter
at @MyFlightApps.
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version on businesswire.com: http://www.businesswire.com/news/home/20161031005043/en/
WEX Inc.Rob Gould,
1-207-523-7429Robert.Gould@wexinc.comwww.wexinc.comorForward Street
Marketing, LLCJill Henning,
1-602-502-6206jill@forwardstmarketing.comwww.myflightsolutions.com
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