Payzer
Acquisition in 2023
Payzer is a developer of a mobile and internet payment application designed to facilitate payments and provide credit with instant approvals. Its cloud-based platform enables customers to accept credit cards, debit cards, and electronic checks both in the field and at their home offices. With features that include real-time tracking, Payzer's solution helps contractors manage their operations more efficiently, allowing them to streamline their payment processes and enhance business growth.
benefitexpress
Acquisition in 2021
benefitexpress is a leading provider of cloud-based platforms specializing in employee benefits and health exchange services. The company offers a comprehensive suite of solutions that streamline benefit enrollment, management, and administration, providing a user-friendly experience for both employers and employees. Its services include automated workflow systems, direct bill administration, payroll and carrier interface services, and dedicated customer care support. By integrating various benefits into a single platform, benefitexpress simplifies the complexities of employee benefits, allowing employers to manage their offerings efficiently while equipping employees with the resources needed to understand and maximize their benefits. The company emphasizes flexibility and customization, ensuring that its services cater to the diverse needs of the middle market.
Optal is a provider of secured payment solutions that aims to optimize B2B transactions by enhancing efficiency in payment processes. The company focuses on eliminating customary inefficiencies associated with traditional payment methods, thereby helping businesses improve profitability across various sectors worldwide. Optal issues Mastercard-branded payment products and offers innovative transacting solutions that facilitate streamlined reconciliations. Through its commitment to developing cutting-edge payment solutions, Optal positions itself as a leader in transforming how payments are processed in complex industries.
eNett International
Acquisition in 2020
eNett is a fintech company specializing in virtual payments tailored for the travel industry. Established to address the complexities of travel payments, eNett offers a range of services including card processing, domestic and international electronic funds transfers, and merchant services. With a focus on B2B international payment solutions, the company leverages extensive payment expertise alongside deep knowledge of the travel sector to create innovative and efficient payment systems. Through its offerings, eNett aims to simplify payment processes for travel agencies, ensuring that transactions are straightforward and rewarding.
3Delta Systems
Acquisition in 2019
3Delta Systems was founded in 1999 to offer products that would add real value to procurement and payment processes. After reviewing the market offerings, the principals of 3DSI, former procurement and financial managers with both corporate and government experience, realized that there was a lack of robust, easy to deploy payment solutions.3DSI offers merchants a variety of fully hosted Internet-based payment systems, each designed from the ground up to provide Level-3 line item detail. These products are offered to small-to-large market firms and government entities, with volumes ranging from a few transactions per month to over 100,000 per month. 3DSI also develops and offers services to assist organizations with all their purchase card program needs.
Discovery Benefits
Acquisition in 2019
Discovery Benefits, Inc. is an employee benefit administration services provider based in Fargo, North Dakota. Founded in 1987, the company specializes in managing various consumer-directed health care products, including flexible spending accounts, health savings accounts, health reimbursement arrangements, and transportation benefit plans. Additionally, Discovery Benefits offers COBRA administration services, wellness reimbursements, and tuition reimbursements, enabling employees to maximize their benefit savings through a single service support center. The company emphasizes the use of advanced technology and exceptional customer service to simplify benefits administration for employers and participants. In January 2019, Discovery Benefits became a subsidiary of WEX Inc., a global leader in payment processing and business solutions.
Noventis
Acquisition in 2018
Noventis Inc. is a Houston-based company that specializes in bill payment delivery and processing solutions. Founded in 1998, Noventis has developed a range of innovative services aimed at enhancing the efficiency and profitability of payment programs for businesses. Its offerings include expedited bill payment processing, walk-in payment services, prepaid debit cards, and mobile financial solutions, which facilitate hassle-free online transactions. By partnering with various organizations, Noventis leverages nearly two decades of industry expertise to help clients reduce costs, increase operational efficiency, and improve return on investment. This collaborative approach enables partners to handle billions of dollars in payments annually, ultimately enhancing their bottom line and delivering greater value to their customers.
Electronic Funds Source
Acquisition in 2015
Electronic Funds Source LLC (EFS) specializes in providing customized payment solutions tailored for corporate purchasing, travel, and entertainment. The company offers a range of services including expense reporting, cash access, payroll and settlement solutions, accounts payable automation, and fuel purchases, both in North America and internationally. EFS's product offerings include the EFS Fleet Card, which features carrier controls and detailed reporting, the EFS SmartFunds multi-purse card for combined transactions, and the EFS MasterCard Fleet Card that integrates with MasterCard's acceptance network. Additionally, the company provides EFS Virtual MasterCard for flexible payment options and an online fuel management tool to assist carriers in managing fuel expenses. EFS also develops corporate solutions such as virtual payment systems and electronic accounts payable services. Founded in 1996 and based in Ogden, Utah, Electronic Funds Source LLC operates as a subsidiary of Wp Mustang Topco LLC and has evolved to meet the changing needs of the industry.
Benaissance
Acquisition in 2015
Benaissance is a financial management partner specializing in health benefits administration. The company offers industry-leading Software as a Service (SaaS) solutions, including ExchangePoint and COBRApoint, which facilitate efficient billing and payment processes for employers and families across the United States. These solutions cater to a diverse clientele, encompassing private exchanges, state-based marketplaces, and over 100 health plans and third-party administrators. In addition to streamlined billing, Benaissance provides subsidy support and custodial cash management services, helping organizations manage their health exchange financial operations effectively.
WEX Inc. is a leading provider of corporate payment solutions, operating through three business segments: Mobility, Benefits, and Corporate Payments. The Mobility segment, its largest, offers fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Benefits segment generates revenue through healthcare payment products and its consumer-directed software platform, serving over 200,000 employers and 17 million consumers across the U.S. and Canada. The Corporate Payments segment provides business-to-business payment processing and transaction monitoring services. WEX simplifies financial and information management, enhancing clients' balance sheets and ensuring control and security.
Fleet One
Acquisition in 2012
Fleet One is a provider of fuel charge cards and fleet management services, catering to businesses and government agencies that operate a variety of vehicles, including cars, vans, and trucks. The company specializes in offering fuel cards that facilitate the capture of purchasing data and streamline payments for fuel and fleet maintenance. These services are available at convenience stores, truck stops, and maintenance merchants throughout the United States. With a focus on enhancing operational efficiency, Fleet One supports its clients in managing their fleet expenditures effectively.
CorporatePay
Acquisition in 2012
CorporatePay has been built by an experienced team incorporating extensive financial services and payment solutions expertise. It is strongly backed by a highly successful investment firm, Blenheim Chalcot , with a strong track record in the financial services industry.
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