Category Archives: Payment

Blockskye Tests Blockchain Payment, Settlement And Reporting With ARC, Unnamed Airline

By | August 8, 2018
Michael Share

Blockchain startup Blockskye is running a proof of concept with the Airlines Reporting Corp. and also working with an unnamed airline and Fortune 100 corporate account to build a robust direct-booking and payment program. Blockchain would not enable fare shopping or make bookings. The carrier’s website would handle those computing-intensive processes. Rather, Blockskye would run some of the associated… Read More »

New Conferma App Provides Self-Service Virtual Card Creation

By | July 31, 2018

Conferma relaunched its TripPay Android and iOS mobile app with a new name and some new features. Now called Conferma Pay, it is “the first app to support creating and receiving of virtual cards for business on a mobile device across multiple banking partners,” according to the company’s website. As with pre-existing virtual cards, the app generates single-use numbers… Read More »

Stripe Launches Platform For Card Creation

By | July 30, 2018

Online payments company Stripe announced Stripe Issuing, a platform for creating and managing physical and virtual cards. This includes creating “employee expense cards with dynamic spending limits.” Physical cards “can feature customizable designs, and ship in a few days,” according to a Stripe blog post. Virtual cards “can be used instantly through mobile wallets.” Admins can “implement approved… Read More »

Fraudsters Busted For Stealing $1 Million Through T&E Card, Expense Processes

By | June 29, 2018
expense fraud

A Connecticut woman this week pleaded guilty to embezzling more than $1 million from her company during a three-year period to 2016 by exploiting payment and expense reimbursement processes. As much as business leaders would like to trust employees, preventing them from stealing is a big reason to have travel and expense management. Despite corporate efforts to reduce… Read More »

Industry Seeks Answers From EU Banking Authority On Potentially Problematic Payment Rules

By | June 27, 2018

A group of large travel management and commercial card entities is attempting to get answers from European regulators on a set of rules that could disrupt traditional corporate travel payment practices. Under Europe’s second Payment Services Directive, payment firms by September 2019 must implement strong customer authentication (SCA) for purchases made in European Union states with cards issued… Read More »

Conichi Trades ‘Sexy’ Stuff For Fundamentals

By | June 12, 2018

As interesting as the next new thing can be, sometimes it’s the boring old stuff that needs attention. Core processes, data capture, spend management. Yawn. When Germany-based Conichi hit the market four years ago, its mobile app leveraged beacons and personalization, and facilitated digital hotel room door opening. The company’s focus is different now. Conichi still provides some of those… Read More »