WEX Enters into Agreement with Ypsilon.Net AG
September 05 2016 - 1:00AM
Business Wire
Leverages WEX’s Credit, Debit and Prepaid
Virtual Card Number Technology and provides huge savings on
international payments for Ypsilon.Net’s global clients
WEX Inc. (NYSE: WEX), a leading provider of corporate payment
solutions, has today announced that they have entered into an
international agreement with Ypsilon.Net AG, a global provider of
internet travel technology and payment solutions for airlines,
consolidators, travel portals and travel agencies. With the
agreement in place, WEX is expanding its presence within the travel
payment space in Germany.
The agreement gives Ypsilon.Net’s clients easy access to WEX’s
exceptional and leading portfolio of credit, debit and prepaid
virtual Card number (VCN) technology through a single API for the
first time. Additionally, it gives Ypsilon.Net’s global clients
access to 24 billing currencies, allowing them to benefit from
substantial savings on foreign exchange and cross-currency
transaction fees.
Jim Pratt, SVP and General Manager, Virtual Payments of WEX,
said, “We are excited to be working with Ypsilon.Net, at WEX we are
constantly seeking new ways to grow and expand our business
offerings to that we can help travel companies enhance their
profitability and improve cash flow. Our agreement with Ypsilon.Net
provides WEX with the opportunity to expand our presence into the
European travel industry.”
Hans-Joachim Klenz, CEO and founder of Ypsilon.Net said, “Our
agreement with WEX gives our clients the opportunity to have access
to yet more cost efficient travel content. As a hybrid technology
provider, combining travel and tourism with payment and fraud
prevention, Ypsilon.Net is always looking for ways to expand the
business opportunities for our clients. Therefore we are pleased to
announce our agreement with WEX.”
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 publically 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 Ypsilon.Net AGSince 1994, Ypsilon.Net AG has been a
leading global internet travel technology provider for airlines,
consolidators, online travel sites, and agencies. More than 5.000
clients and some 80.000 travel sites around the world have deployed
the e-commerce solutions designed by the Frankfurt/Germany based
company. Ypsilon.Net AG’s core competence lies in the development
of modular internet booking engines and web based solutions;
encompassing multi content B2C, B2B booking engines as well as
ticketing automation, mid office systems, cache data and low cost
carrier content. To secure payment with credit and bank cards, the
company has reached the highest degree of safety through a PCI-DSS
level 1 certification. As an official payment service provider for
Visa/Mastercard/Amex, Ypsilon.Net offers its customers full
compliance with these standards as well as cost efficient payment
services and fraud prevention systems designed with the highest
accuracy and experience.
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version on businesswire.com: http://www.businesswire.com/news/home/20160904005027/en/
WEX EuropeNews media contact:Riina Sulonen, +44 (0)20
8080 9336riina.sulonen@wexeurope.comorYpsilon.Net AGNews media
contact:Blumconnect Communication ExpertsMichael Blum, +49 (0)
611-89076778Mobile: +49 (0) 176-31279606michael@blumconnect.com
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