Behind every seamless business payment lies a complex infrastructure built for security, scale, and speed. At WEX, Eric Frankovic, president of corporate payments, leads the team responsible for driving that technology forward – helping businesses transform traditional accounts payable into an automated, strategic growth engine.
The team’s work spans corporate payments, embedded payments, travel, financial institutions and bill pay, supporting a global payment ecosystem that processed USD237 billion in annual payment volume in 2025. Central to this ecosystem is WEX’s award-winning global Virtual Card Network, which enables multinational organizations to manage supplier payments across borders, currencies and time zones through a single secure payments orchestration platform.
Over the past year, the WEX Corporate Payments team focused on making the platform more powerful and intuitive. Through WEX Business Payments – a modern card management platform designed to automate workflows and reduce manual oversight – finance teams gain near-real-time visibility into 100% of transactions, balances, and available credit across all card types. Recent enhancements brought stronger user management, streamlined approvals, and instant card-issuing with parameter adjustments to simplify high-volume card operations in one place. Paired with upgraded developer tools, APIs, Digital Wallet capabilities, and real-time transaction activity streams, these enhancements enable customers to securely embed automated payment experiences directly within their own software systems.
For global businesses, these updates streamline cross-border payments while locking down fraud risks. Because every card can be locked to specific spending limits, timeframes, and vendor categories, finance teams gain complete control over cash flow before money ever moves. As B2B commerce accelerates, WEX continues to ensure that global payments remain fast, flexible, and completely secure.
