Aquarium Software and WEX announce new virtual payments agreement
Global insurance technology integrator, Aquarium Software, have announced a new virtual payments agreement with WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions. Aquarium specialises in developing solutions for niche insurance sectors including pet, travel and gadget. With the agreement in place, WEX is moving into the insurance payment space in both Europe and the US, whilst this is the first insurance platform for the company’s European entity.
Mark Colonnese, Sales and Marketing Director, Aquarium Software, said, “As a global leader in software solutions for the insurance sector, Aquarium is delighted to be working in partnership with WEX. Aquarium can now optimise an end to end payment solution which will further assist not only our pet insurance clients but also pet parents themselves. In future releases we look forward to using WEX’s virtual payment gateway across other areas of our niche insurance technology business.”
Jim Pratt, SVP and GM for Virtual Payments, WEX Inc., said, “At WEX we continuously seek new ways to grow and expand our business offerings so that we can provide our customers with more powerful and effective solutions. Insurance is a key growth industry for WEX and we are truly excited about our co-operation with such an established technology innovator like Aquarium. Pioneered in 2000, WEX virtual payments are available in all major international currencies and are used in over 190 countries worldwide and in more than 45 currencies.
Aquarium Software is a global thought leader and integrator of software solutions designed to evolve with any business. Currently implemented by a number of key insurers and affinity partners in the UK, Europe, USA and Canada, Aquarium Software was the first developer in the UK to truly create a cloud based technology platform that is easily maintainable and infinitely adaptable.