A GLOBAL LEADER IN VIRTUAL CARD TECHNOLOGY

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1 TM TM TRAVEL A GLOBAL LEADER IN VIRTUAL CARD TECHNOLOGY TRAVEL For more information about how WEX Virtual can work for you, visit: wexinc.com/virtual-payments

2 CONTENTS 1 What is a Virtual Credit Card? 2 Key Benefits 3 Payment Efficiencies Redefined 4 Who is using WEX Travel? 5 Currencies 6 How Does it Work? 7 Supplier Acceptance WHAT IS A VIRTUAL CREDIT CARD? A virtual credit card is an electronic B2B payment solution designed to pay your suppliers such as hotels, car rental agencies or tour operators. No physical plastic (it s electronic!) One-time use, secure account number Global payment platform Real-time processing Transaction specific controls Enhanced data quality 8 Implementation 9 About WEX LISTEN. INNOVATE. DELIVER.

3 KEY BENEFITS... Reduce the cost of doing business No wire costs for international payments Reduce resource requirements in your Accounts Payable department Easy Reconciliation Auto reconcile supplier payments (99.9%) Manage by exception Precise Controls Set precise controls for when, where and how payments are authorized Control timing of payments to optimize your cash flow Virtually eliminate fraud risk via our comprehensive controls Efficient Automate payment flows & reconciliation Potential for faster / real-time payments No need to maintain supplier bank account details Improve reporting & accounting processes with enhanced data Earn More Revenue Earn revenue share for making payments Access dynamic pricing from your suppliers in return for real-time payments PAYMENT EFFICIENCIES REDEFINED The WEX single-use electronic payment solution has provided Hotwire with value-added functionality and flexibility in dealing with the intricacies of business-to-business payments. Simplicity No cost straight forward integration with your existing systems Globally accepted payment method no hardware or software requirements for your suppliers Ease of use for you and your suppliers Business Compliant Configurable business rules and approved workflows enable compliance Chargeback Coverage Favorable chargeback rules & processes to protect you from disputed charges and supplier default

4 WHO IS USING WEX TRAVEL? CURRENCIES The top global online travel agencies have already discovered how to save with our cutting edge payment solutions. What currencies can I pay my supplier in? In fact many travel companies are leveraging our virtual credit card platform to pay their suppliers no matter what geography or market segment they compete in. Here are some of the types of businesses already benefitting: Online Travel Agents Retail Travel Agents Wholesalers Tour Operators Travel Management Companies Flash Sale Companies and more! Any global currency where WEX Virtual is accepted. Suppliers usually are paid in their local currency, the same way they get paid when accepting a credit card from any customer. What currencies can I pay WEX in? Our list of issuing and settlement currencies is extensive and growing.

5 HOW DOES IT WORK? SUPPLIER ACCEPTANCE 2 REQUEST/ ISSUE SINGLE USE CCN 1 BOOKING TRAVEL CO 6 CCN SENT TO THE SUPPLIER REPORTING CONSUMER 3 4 GOODS DELIVERED/ SERVICES PERFORMED SUPPLIER 5 SUPPLIER CHARGES CREDIT CARD SUPPLIER PROCESSES CCN THROUGH THEIR POS AND IS PAID THROUGH CREDIT CARD NETWORK Who Can Accept Virtual Credit Cards? Virtual Credit Cards are a globally accepted payment method. Pay your suppliers domestically or internationally. Accommodation Car Rental Air Cruise Rail Why would a Supplier want to accept a Virtual Credit Card (VCC)? Virtual Credit Cards are now the preferred payment method for many hotels Suppliers like the benefits VCC s give them, including: No need to invoice the travel companies push notification based on contracted rates No paperwork means less work for their Accounts Receivable team Ability for faster receipt of payments for dynamic inventory pricing Simple and intuitive for their staff to process payments No hardware or software installation required VIRTUAL CREDIT CARD SYSTEM

6 TM IMPLEMENTATION ABOUT WEX TRAVEL Expert provider of payment solutions to the travel industry There are 2 simple options to implement our virtual credit card solution: STAND ALONE PORTAL Turn-key solution Quick implementation Feature rich, intuitive web portal Access reports User based access controls Range of options A leading international provider of payment processing and information management services to business and public sectors. WEX Inc. Publicly traded corporation (NYSE: WEX) $31 billion in annual commercial payments; 350,000 customers WEX Virtual Provides payment solutions to leading global travel companies Pioneered single-use payment technology Issue and settle in multiple currencies Multi-lingual interface FULLY INTEGRATED SOLUTION Process flow designed by you (the customer) Approval process controlled by you Works with your existing systems (reservation and ERP/AP) Simple web services integration for your IT department Salem Salt Lake Portland Louisville Europe Web Services No-cost, straightforward integration with your existing systems Brazil Melbourne Sydney Auckland