Onyx CenterSource, a leading global provider of B2B payments and business intelligence to the hospitality industry, today announced a new partnership with WEX Inc., a leading financial technology service provider, to streamline payments to travel agency partners.
The partnership will focus on virtual payments methods for different transaction types across the hospitality industry. As companies continue to focus on digitizing payments, virtual methods will be integral to industry partners and will allow a more secure payments process, in this case benefiting both hotels and travel companies, said Mark Dubrow, Onyx CenterSource CEO.
“The extensive product portfolio and global reach of WEX, combined with their experience in the travel and hospitality market as well as other verticals, made them an attractive partner,” Dubrow said. “We are confident that this partnership will extend our capabilities to better serve our clients.”
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Heather Andrews, WEX vice president, Corporate Payments, said: “WEX is delighted to be partnering with Onyx CenterSource to drive automation in the travel industry by removing friction from B2B payments while allowing for payment flexibility. COVID-19 has accelerated the digitization of payments as companies look for efficiencies to return to growth, and Onyx is leading the charge in the hospitality space. Together, we will look to continue to simplify payments for customers using a secure and proven supplier payments solution.”
WEX uses virtual payments to streamline and automate international and domestic supplier payments for a diverse range of businesses, including some of the world’s largest online travel agencies. The company pioneered virtual payments in 2000 and has a strong global foothold with an extensive customer base in North America, Europe, Asia, Australia and South America.
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