Wex Inc. (WL9)
XMUN 
Summary
WL9 Chart
WEX Inc. (WEX) Presents at Bank of America SMID Cap Virtual Conference Transcript
WEX Inc. (WEX) Presents at Bank of America SMID Cap Virtual Conference Transcript
Should You Buy Wex (WEX) After Golden Cross?
WEX Inc. (WEX) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WEX's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
WEX Deploys AI to Stop Fleet Fuel Fraud Before It Happens
WEX will soon expand the capabilities of its WEXOnline platform for commercial fleets to include identifying and stopping potentially unauthorized fuel purchases before they are approved. The company plans to add an artificial intelligence-powered fraud prevention capability called SecureFuel to the platform for its North American fleet customers on Aug.
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Wex Inc. Profile
| Transportation Infrastructure Industry | Industrials Sector | Melissa D. Smith CEO | XMUN Exchange | US96208T1043 ISIN |
| US Country | 6,600 Employees | - Last Dividend | - Last Split | 16 Feb 2005 IPO Date |
Overview
WEX Inc., established as Wright Express Corporation before rebranding in October 2012, is a prominent provider of financial technology services both in the United States and internationally. The company has a wide reach, serving a diverse clientele through its three main segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. WEX Inc. was founded in 1983, and it has its headquarters in Portland, Maine. The organization has evolved over the years, leveraging technology to offer comprehensive solutions that cater to various aspects of financial transactions and management in different sectors.
Products and Services
- Fleet Solutions
- Travel and Corporate Solutions
- Health and Employee Benefit Solutions
This segment primarily caters to commercial and government vehicle fleet customers. Offering fleet vehicle payment processing services, WEX Inc. simplifies managing fleet expenses and capital requirements. The services include customer and account activation, account retention, authorization and billing inquiries, account maintenance, credit and collections, and merchant services. Additionally, it provides analytics solutions with an online data analytics platform, offering vital insights to fleet managers. WEX markets these solutions both directly and indirectly, focusing on fleets of all sizes, including over-the-road and long haul fleets, through both co-branded and private label partnerships.
WEX Inc.'s offerings in this segment encompass payment solutions specifically designed for commercial and government organizations. This includes embedded payments and accounts payable automation, along with spend management solutions. A key product in this lineup is the virtual card, which facilitates transactions in scenarios where no physical card is presented. By marketing its products both directly and indirectly, WEX aims to streamline the payment processes in the travel and corporate sectors, enhancing efficiency and financial control.
This segment is focused on providing healthcare payment products and software-as-a-service (SaaS) platforms tailored for the consumer-directed healthcare market. Moreover, WEX expands its portfolio with payroll-related and employee benefit products in Brazil. These solutions are marketed through a variety of channels, including health plans, third-party administrators, financial institutions, payroll companies, benefits consultants, software providers, and directly to individuals. The aim is to offer integrated healthcare payment and management solutions that simplify the complexity of healthcare transactions.
