1. Travel Solutions Introduction GTMC Industry Affairs Strategy Group Tom Kelly / Tim Chambers 19 th February 2014

2. About WEX Payment solutions for travel industry Global growth of virtual cards Global acceptance of virtual cards Virtual card deployment options Sample process Virtual card benefits Our clients Content

3. WEX is a leading global provider of virtual and physical commercial payment solutions Our focus is on improving profitability for clients by reducing costs through process efficiencies Our clients range from global leaders to small / medium sized UK based travel specialists OTAs, TMCs, HBAs and wholesalers use our virtual cards to pay their suppliers About WEX Fast Facts: Publicly traded (NYSE: WEX) Market capitalisation of US$3.5B Over 1,400 global employees Operations in Europe, USA, Australia and New Zealand US$31B in annual commercial payments Fleet, prepaid & virtual card payments specialist

4. Payment solutions for travel industry ProductVariationUse CasesIndustry Virtual Payments Credit / Prepaid Paying Hotel /Airline suppliers - improving efficiency TMCs / HBAs OTAs / Travel Agents Tour Operators Debit Paying Low Cost Carriers – avoiding surcharges Physical Prepaid Cards Per Diem Card Per trip related expenses removing need for cash / credit cards Airlines Tour Operators T & E Card Centrally controlled expenses removing need for cash / credit cards SMEs Corporate Travellers

5. Global growth of virtual cards Global leader with strong and growing presence across Europe Fast Facts Wex Virtual card payments 43% 10-year growth Providing payment solutions to 4 of 5 world’s largest OTA’s First WEX virtual card transaction took place in 2000 Fast Facts Wex Virtual card payments 43% 10-year growth Providing payment solutions to 4 of 5 world’s largest OTA’s First WEX virtual card transaction took place in 2000

6. RegionNo of Merchants Global> 127,000 North America & Caribbean> 57,000 Europe> 31,000 - UK> 4,500 Asia Pacific> 24,500 - Australia4,558 - Thailand4,674 - Hong Kong598 - Singapore385 - Indonesia2,466 - New Zealand1,205 Africa & Middle East>4,000 [ 6 ] Global acceptance of virtual cards 15 billing currencies supported Settled with hotels in 169 countries

7. Virtual card deployment - Option 1 Virtual Card deployed during the booking process Description Unique one time use virtual card number issued to hotels at the time of booking, streamlining processes and enabling easier reconciliation Implementation Options 3 rd Party Integration – integrated with 3 rd party booking solution Direct Integration – fully integrated to agent’s own booking platform WEX portal – enter user defined fields to generate virtual card number Key Benefits Increased profitability through reduced costs and volume based rebates Partners Integrated with Conferma. Strategic approach to integrate with more partners in line with market demand USPs Single use reservation specific card number with 100% reconciliation Settled with hotels in 169 countries / 15 currencies Credit and prepaid options Ability to control the date that the card can be charged Usage restricted by value and not individual charges of the cards

8. Deployment during booking process Hotel Invoices TMC TMC Invoices Corporate

9. Virtual card deployment - Option 2 Virtual Card deployed to pay invoices Description Unique one time virtual card number used to settle uploaded post stay invoices streamlining processes and enabling easier reconciliation Implementation Options Hotel Level Settlement – group suppliers invoices & settle with virtual card Invoice Level Settlement – single virtual card number per invoice WEX portal – generate virtual card number to use as required Key Benefits Increased profitability - reduced costs + new revenue Partners Integration is via upload of files from agent finance system direct to WEX platform USPs Turns supplier payment from cost to revenue stream Easier reconciliation vs. BACS / Swift / Cheque Only card provider offering virtual cards to settle post stay invoices Ability to control the date that the card can be charged

10. Virtual card benefits Current challengesVirtual card benefits Reconciling invoices to reservations & rates with limited data causes mismatch with suppliers Improve reconciliation with booking data appended to transaction data Cost of bank fees and managing FX No fees and all FX managed through the standard MasterCard process with no user intervention Administration of Accounts Payable including supplier bank information No need to hold supplier bank details or be chased by suppliers for payment Little or no protection from supplier default Protection offered through the MasterCard programme Supplier tracking reservations to generate invoices to send to TMC and then chasing payment Payments are made automatically either at time of booking or post stay with booking reference data Supplier’s cost of receiving international payments Only fee is the merchant service charge that the supplier’s merchant acquirer charges

11. Our clients

12. Thank you Contact: Ian Johnson Head of Business Payments WEX Europe Ijohnson@corporatepay.co.uk T: +44 (0) 208 080 9385 M: +44 (0) 7817 673229 Contact: Tim Chambers Business Development Manager WEX Europe TChambers@corporatepay.co.uk T: +44 (0) 208 080 9355 M: +44 (0) 7867 398180