WEX Pay Card Provides Fast, Easy Funding for Businesses and Cardholders
August 05 2021 - 6:45AM
Business Wire
WEX (NYSE: WEX), a leading financial technology service
provider, today announced the launch of the WEX Pay Card.
Businesses can transfer funds to the WEX Pay Card in real time, 24
hours a day, 365 days a year through an easily managed process and
cardholders can use the card anywhere Mastercard® is accepted.
Cardholders with bank accounts can also transfer funds to those
accounts via the PayControl mobile app. The app allows cardholders
to view their current balance, issue a check using EFS MoneyCodes,
set up transfers and perform account management tasks.
“At WEX, we understand and strive to solve the challenges faced
by all businesses,” said Erin Knight, vice president of product and
innovation at WEX. “Not only does the WEX Pay Card help keep the
time and cost of managing payroll down, it can be a valuable tool
for attracting and retaining employees. For cardholders, the WEX
Pay Card is like carrying a bank in your wallet.”
The WEX Pay Card eliminates paper checks and their related costs
and risks while streamlining the payroll process. Cardholders
receive timely, convenient payment without paying bank or
check-cashing fees. In addition to broad Mastercard® acceptance,
the WEX Pay Card provides surcharge-free cash access when using
ATMs in the Allpoint network.
“WEX constantly strives to make our customers’ processes simpler
and more efficient,” Knight said. “With the WEX Pay Card, they can
spend less time on payroll and more time managing and growing their
business. With the added security of the FDIC, this card is
uniquely suited to meet any payroll challenge.”
About WEX WEX (NYSE: WEX) is a leading financial
technology service provider. We provide payment solutions to
businesses of all sizes across a wide spectrum of sectors,
including fleet, corporate payments, travel and health. WEX has
offices in 14 countries and employs approximately 5,200 people
around the world. Learn more at LinkedIn, Facebook, Instagram,
Twitter, and our corporate blog. For more information, visit
www.wexinc.com.
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WEX Media Contact Kellie Jones
Kellie.Jones@wexinc.com
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