TTE 2017: Vibe Systems and WEX Inc strike virtual payments deal

TTE 2017: Vibe Systems and WEX Inc strike virtual payments deal

Vibe Systems Ltd has struck a deal to use WEX Inc’s payment solutions on its booking platform.

The agreement will see a direct integration of WEX’s virtual debit, prepaid and credit cards with either pre- or credit funding into the Vibe platform in 24 currencies.

Vibe delivers front and mid office technology to travel businesses, such as online travel agencies, retail agencies, travel management companies and consolidators.

Both companies are exhibiting at Travel Technology Europe next week.

Ian Johnson, commercial director, virtual payments, WEX Europe, said: “Our aim is to make our payment solutions available to the travel industry, regardless of the systems they already use and Vibe is helping us facilitate that. We like to take the complexity and cost out of payments and ensure our customers have the best experience when paying suppliers. Having an agreement with Vibe is a great addition to our business and we’re looking forward to a close cooperation for years to come. ”

Martin Eade, group e-commerce director at Vibe added: “Combining WEX’s payment expertise with Vibe’s technology expertise is an exciting prospect for our customers.”

WEX virtual payments are available in all major international currencies and are used in over 190 countries worldwide.

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