WEX Inc. Collaborates with Higher One to Launch VendorPay (WXS)
11/28/2012

[Designed for campuses’ accounts payable departments, VendorPay eliminates paper check disbursements to the campuses’ vendors and suppliers, and it offers those vendors and suppliers an option to receive their payments faster and more predictably]

Online PR News – 28-November-2012 – Las Vegas, NV – WEX Inc. (NYSE: WXS) WXS (”WEX Inc.”) previously reported it has partnered with Higher One to launch VendorPay, a customized virtual payment solution for higher education institutions. VendorPay builds on WEX’s e-payments technology proficiency in the online travel, insurance and medical payments verticals, and leverages Higher One’s comprehensive understanding of the higher education market and its needs. Designed for campuses’ accounts payable departments, VendorPay eliminates paper check disbursements to the campuses’ vendors and suppliers, and it offers those vendors and suppliers an option to receive their payments faster and more predictably. Additionally, VendorPay simplifies accounts payable disbursements by streamlining not just the payment process, but also the secure storage of vendor data and payment preferences. It also combines detailed reporting and data for remittance and reconciliation for both the institution and the vendor. VendorPay is powered by WEX Bank, a subsidiary of WXS (”WEX Inc.”), and Boost Payment Solutions, a business-to-business payments solutions provider. WEX Inc. (NYSE: WXS) is a leading international provider of physical, digital and virtual corporate card payment solutions. From its roots as a pioneer in fleet card payments in 1983, WEX now provides its more than 350,000 customers — representing more than 6.5 million cardholders — with exceptional payment security and control across a wide spectrum of business sectors. The Company’s operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express Prepaid Cards Australia, Wright Express Fuel Cards Australia, Wright Express New Zealand and CorporatePay Limited, England, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,300 associates. For more information about WEX, please visit www.WEXInc.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://stockhottips.com/disclaimer)