WEX Australia Brings Virtual Payments to Flight Centre Travel Stores
WEX Australia has updated its existing agreement with Flight Centre Travel Group (FCTG) and will now bring virtual credit card payments to all of FCTG’s 1,200 retail stores throughout Australia.
WEX, a payment solution company, uses virtual card technology to give every transaction a unique card number, which will reduce the risk of fraud and the misuse of credit cards. FCTG retail stores, one of the largest travel agency groups worldwide, will now be able to efficiently accept supplier payments via the WEX Virtual Credit Card (VCC) solution.
“The decision to extend the WEX VCC solution to its retail stores represents FCTG’s recognition that our virtual credit card solution simplifies transactions and enhances payment security,” said WEX Australia Managing Director, Greg Drumm. “The benefits to FCTG are clear and the simplification of transaction reconciliations within stores will be a major efficiency.”
FCTG Treasurer, Richard Humphreys, also commented about the measurable benefits for the travel group: “The adoption of WEX’s VCC solution throughout our retail stores in Australia will remove administrative tasks for our consultants allowing them to spend more time with our customers, and enhance controls with comprehensive reporting tools.”