WEX CEO to Speak at Card Forum

Lots of payments companies are growing rapidly these days, but the 41 percent compound annual growth rate of WEX's payments solutions group over the past five years is a standout even among the hottest payments players.

At this year's Card Forum & Expo, newly appointed WEX CEO Melissa Smith will discuss the company's evolution from a fleet card provider Wright Express to renamed major provider of global corporate payments. Where has the company's quest for global domination taken it lately? A travel payments service in Brazil and acquired Corporate Pay in the U.K. Some of its marquise customers: Expedia, Orbitz, Enterprise and Exxon Mobil.

As WEX moves deeper into new markets, different demands and security issues called for different cards and services. In the U.S. — it's mostly credit cards. Internationally, primarily debit and prepaid.

And while Smith's official start as CEO began this year, she’s a 16-year veteran of the company and had a seven month transition period under former WEX CEO Michael Dubyak. As she noted in a recent story in PaymentsSource, "when I became CEO it didn't seem like a big leap to make," she says. "Our board was very thoughtful in succession planning, and I can see that far more now."

WEX's third-quarter earnings reported total revenue for the quarter increased 19% to $191.5 million, from $161 million for the third quarter of 2012.

Read more about Melissa Smith.

Visit the Card Forum conference page.




Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.