WEX (NYSE: WEX), a leading provider of corporate payment solutions, unveiled Part II results of its annual Payments Pulse study, distilled from a third-party survey fielded to gauge views of the payments landscape from chief financial officers and senior financial executives worldwide.
The survey of more than 1,000 CFOs and senior financial executives from the U.S., Europe and Asia/Oceana revealed that for this group, security is paramount in payments solutions or platforms. Security—both of information and settlements—is raised by executives as a concern in multiple aspects of payments processing. In fact, according to those surveyed, security of transactions is the single most important attribute of payments.
More than half of American executives—53 percent—and almost half of the European executives we polled—49 percent—“strongly agree” that they are very concerned about information security relating to payments. In stark contrast, 26 percent of the Asian executives surveyed answered that they “strongly agree.” Still, between 58 percent and 68 percent of respondents from all regions rated security of transactions as the most important attribute of a payments solution.
The data uncovered additional key trends, including:
“The insights we glean from our Payments Pulse surveys allow WEX to be at the forefront of what’s important to financial executives regarding the payments ecosystem,” said Jay Dearborn, President of Corporate Payments, WEX. “The overwhelming concern for payments security and integrity aligns with WEX’s emphasis on providing clients with worry-free and secure payments solutions. When businesses work with us, they have peace of mind in knowing that their transactions are being processed by one of the most-trusted payments solutions providers in the world.”
Methodology
WEX commissioned Zogby Analytics to conduct an
online survey of CFOs and senior financial executives in the U.S.,
Europe and Asia/Oceania. From April 13 to April 24, 2018, 501 CFOs and
senior financial executives from the U.S., 206 from Singapore, Hong Kong
and Australia (combined), and 207 from France, Germany, Italy, Spain and
the U.K. (combined) completed the survey. Based on a confidence interval
of 95%, the margin of error (MOE) is ± 4.4 percentage points for the
U.S., ± 6.8 percentage points for Europe and ± 6.8 percentage points for
Asia/Oceana.
About WEX
Powered by the belief that complex payment systems
can be made simple, WEX Inc. (NYSE: WEX) is a leading provider of
payment processing and business solutions across a wide spectrum of
sectors, including fleet, travel and healthcare. WEX operates in more
than 10 countries and in more than 20 currencies through more than 3,500
associates around the world. WEX fleet cards offer 11.5 million vehicles
exceptional payment security and control; purchase volume in its travel
and corporate solutions grew to $30.3 billion in 2017; and the WEX
Health financial technology platform helps 300,000 employers and more
than 25 million consumers better manage healthcare expenses. For more
information, visit www.wexinc.com.
About Zogby Analytics
Zogby Analytics is respected
nationally and internationally for its opinion research capabilities.
Since 1984, Zogby has empowered clients with powerful information and
knowledge critical for making informed strategic decisions. The firm
conducts multiphased opinion research engagements for banking and
financial services institutions, insurance companies, hospitals and
medical centers, retailers and developers, religious institutions,
cultural organizations, colleges and universities, IT companies, and
federal agencies. Zogby’s dedication and commitment to excellence and
accuracy are reflected in its state-of-the-art opinion research
capabilities and objective analysis and consultation.
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WEX
Elisabeth Andrews, 207-523-6121
[email protected]