Commercial payment is a pillar of travel procurement and management. Whether using centralized billing accounts, travel and entertainment corporate cards, hotel billback or newer solutions like virtual cards, it’s all about convenience and data.
The plan by blockchain company Blockskye to reinvent corporate travel processes is underway at PwC, according to sources. The accounting giant, with plenty of interest in blockchain technology for its own services, was not named in earlier coverage. Its participation has been one of the industry’s worst-kept secrets. PwC moved its travel management business in…
More hotel chains are adopting a solution developed by Grasp Technologies and Marriott International for the vexing problem of communicating virtual payment instructions to properties. “Right now, we’ve launched with Marriott, Hilton, IHG and Hyatt,” said Grasp senior sales director for virtual payments Stacey Mack during a webinar last week. “We will bring on more…
For former Global Business Travel Association executive director and veteran corporate travel executive Mike McCormick, there’s no fighting the changes travel management now faces and no avoiding uncertainty. The American Airlines NDC-powered pricing mandate beginning now is signaling a major inflection point in the travel industry. It is the canary in the coal mine. However,…
The venture capital-backed startup basket of the economy is a bit unsettled at the moment but that’s where card and business software firm Brex puts most of its eggs. It’s now competing for that market with a business travel service backed by Spotnana. Available to users of Brex’s Empower platform, Brex Travel offers desktop and…
During its eight years, TripActions required some administrative work for clients to sign up. They would need contact with a representative and a contract. With its rebranding, that’s gone and non-client travel managers face the prospect of fending off employees who sign up on their own, agree to terms and policies on their company’s behalf,…
To achieve their retailing ambitions, airlines don’t just want to control distribution. Optimizing payments is also critical, according to some observers. Alternative models, methods and technologies that could help are in development, but the rise of rivals to the card has been predicted before. “Corporations seeking price breaks in markets where they influence load factors…
After several delays, India’s central bank this fall enacted payment security rules prohibiting the storage by merchants of customers’ credit card details. Instead, digital tokens would stand in. Not entirely ready, the travel industry got an extension, to June 2024, to work out how to use tokens when intermediaries like GDSs, TMCs and OBTs are…
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