PCMI Corporation and WEX announce virtual payments agreement in Europe
May 11 2017 - 3:00AM
Business Wire
PCMI and WEX combine forces in Europe to
provide warranty companies with the tools to streamline claims
payment processes
WEX Inc. (NYSE: WEX), a leading provider of corporate
payment solutions, today announced a new agreement with PCMI
Corporation in Europe, following success working together in North
America. PCMI is a leading provider of integrated software
solutions for Extended Warranty management and F&I
administration. Through PCMI’s PCRS administration system, WEX’s
single-use electronic claims payment solution provides value-added
information for the accounts payable departments of warranty
companies, as well as complete control over the electronic claims
payment process.
Ian Johnson, Commercial Director, Virtual Payments, WEX Europe,
said, “We are excited to grow our partnership with PCMI into
Europe, at WEX we are always looking for growth opportunities and
ways to expand our business offerings so that we can provide
customers with effective and innovative solutions. Following
success in North America, the European warranties industry is a key
area of focus for WEX and we are pleased to have the opportunity to
work with such as PCMI.”
Mark Nagelvoort, President and CEO, PCMI, said, “We are
passionate about supporting our customers’ growth by offering
innovative technology and software solutions. The integration with
WEX allows us to provide a full service claims solution to our
customers in Europe.”
Pioneered in 2000, WEX virtual payments provide a real-time and
touch free electronic payment method that is secure and globally
accepted. As well as enhancing working capital with a credit line,
virtual payments allow businesses to reduce administration and
overhead in accounts payable with auto-reconciliation.
WEX and PCMI are jointly exhibiting at the Automotive Warranty
Management show, on 16th and 17th May 2017, at the Holiday Inn
Munich – City Centre in Munich, Germany.
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
2,700 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 PCMI
PCMI provides the technology to increase sales and provide
automation in the administration of Extended Warranties, Service
Contracts, Prepaid Maintenance, Theft Prevention and Detection,
GAP, and Manufacturer’s Warranty Claims. The company leadership
brings decades of policy claim and reporting software technology to
the market. Its software supports domestic and international
markets for Automotive, Consumer, and Home Extended Warranty
providers.
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version on businesswire.com: http://www.businesswire.com/news/home/20170511005163/en/
WEX EuropeJPW CommunicationsJamie Wortley, +44 (0) 7877
589 910jamie@jpwcommunications.comorPCMIMark Nagelvoort, +1
847-653-6916mark.nagelvoort@pcmicorp.com
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