ORLANDO, Fla.--(BUSINESS WIRE)--WEX Inc.® (NYSE: WEX), a leading provider of corporate payment solutions, and MyFlightSolutions™, an innovative leader in aviation software, announce the launch of a new all-in-one virtual payments application called My Copilot™. The My Copilot™ app offers innovative new technology and maximum flexibility for pilots and aviation industry professionals, such as fixed-base operators (FBOs), international trip-planning companies, fuel distributors and more.
“Enabling operators to quickly and automatically reconcile a pilot’s trip expenses is groundbreaking for aviation businesses,” explained Jim Pratt, SVP, general manager, WEX Virtual Payments. Another benefit of My Copilot™ is the ability to automate the receipt tracking process so that users no longer need to manually keep track of unwieldy copies of receipts for approved expenses. “Simply put, this app means that pilots will ‘free up’ their wallets, which are usually chock-full of fuel credit cards,” notes Pratt. “Plus, aircraft operators no longer need to worry about losing track of cumbersome paper releases in order to buy fuel.”
The app generates a single-use Mastercard® payment solution for all purchases of fuel and FBO services, as well as transportation, commercial airfare and hotel expenses anywhere Mastercard® is accepted globally.
Virtual payment solutions help drive down costs and increase productivity, resulting in bottom-line savings. For merchants, the My Copilot™ app requires no new processes or integrations because transactions are processed as traditional Mastercard® credit cards at the point of sale.
Additional My Copilot™ features include:
- Implement easily without additional hardware or software
- Capture quality data and enables robust and insightful reports
- Establish transaction- or trip-specific controls
- Assign purchases to cost centers or general ledger accounts
- Reduce fraud and credit card misuse
- Access accounts anytime, from anywhere, even on mobile devices
“The My Copilot™ app and WEX’s virtual payment solutions have flexible application program interface (API) capabilities, which empowers aviation operations to seamlessly integrate the solution into current fuel order, scheduling, accounts payable or global distribution systems (GDS),” said Tom Perkins, president, MyFlightSolutions, a Flying Software Labs company. “We’re extremely proud to be part of My Copilot™’s innovative technology, which is unavailable elsewhere in the market today.”
Featuring robust data and receipt capture technology, the My Copilot™ app sends real-time information to connect the entire flight department. The app also allows users to generate single-use Mastercard® payment solutions without release (within corporate-controlled parameters), which means no delayed or stranded pilots.
MyFlightSolutions and WEX will team up to demonstrate the My Copilot™ app in booths 4686 and 4687 during NBAA’s Business Aviation Convention & Exhibition (#NBAA16). Visit myflightsolutions.com/myflightcopilot/ to view a video about the My Copilot™ app. For more information about MyFlightSolutions, visit myflightsolutions.com, call 1-801-694-0242 or email payments@myflightsolutions.com.
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of
corporate payment solutions. From its roots in fleet card payments
beginning in 1983, WEX has expanded the scope of its business into a
multi-channel provider of corporate payment solutions representing 10
million vehicles and offering exceptional payment security and control
across a wide spectrum of business sectors. WEX serves a global set of
customers and partners through its operations around the world, with
offices in the United States, Australia, New Zealand, Brazil, the United
Kingdom, Italy, France, Germany, Norway and Singapore. WEX and its
subsidiaries employ more than 2,500 associates. The company has been
publicly traded since 2005, and is listed on the New York Stock Exchange
under the ticker symbol “WEX.” For more information, visit www.wexinc.com
and follow WEX on Twitter at @WEXIncNews.
About MyFlightSolutions
MyFlightSolutions™ is a
fast-growing, Salt Lake City, Utah-based aviation technology company
that develops software applications for the business and general
aviation industry. Founded in 2011, MyFlightSolutions was named one of
the “20 Most Promising Solution Providers 2016” in the Aerospace
Industry by CIOReview magazine. Wholly owned by Flying Software
Labs, Inc., MyFlightSolutions is a comprehensive suite of aviation
business software modules comprised of MyFlightFBO®, MyFlightCopilot™
/ My Copilot™, MyFlightCharter™, MyFlightMXShop™ and
MyFlightTrain®. The product suite provides clients powerful,
easy-to-use web-based systems to manage aviation-related activities,
offering a fresh, modern platform for clients managing fixed-base
operators (FBOs), Charter Operators, Maintenance Shops and aviation
flight schools. On Dec. 31, 2016, MyFlightSolutions will merge with
Vessix Inc. and continue doing business as MyFlightSolutions. For more
information, visit www.myflightsolutions.com
and follow MyFlightSolutions on Twitter at @MyFlightApps.
