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.
American Express sees opportunity to capitalize on competitors potentially backing away from the corporate card business. When it comes to business travel, “CFOs and CEOs are not rushing to get back any time soon,” said Amex chairman and CEO Steve Squeri during a Bernstein conference on Thursday morning. “There will be a fundamental shift over…
Questions about where people have been, whom they’ve seen and how they’re feeling are becoming commonplace. So are mobile apps that track potential coronavirus exposure. Contact tracing has taken on greater prominence in recent months as society copes with Covid-19. As with physical health screenings, there are data privacy concerns and travel management considerations. Health…
President Donald Trump said Sunday he wanted to restore deductibility for corporate meal and entertainment costs, potentially reversing some regulations he signed into law in 2017. The president said he would ask Treasury Secretary Steven Mnuchin and Labor Secretary Eugene Scalia “to immediately start looking into the restoring of the deductibility of meals and entertainment costs…
Multiple Expensify clients are planning to find a replacement as complaints about the expense software company’s card program marketing to individual employees continued into a second month. Among the clients whose people have grumbled publicly are WordPress builder Automattic and payments platform Square. Katie Dally is a communications professional at Square. “Nobody likes doing expenses,…
Wex agreed to buy fellow business-to-business payments firm eNett and transaction optimization company Optal for a combined $1.7 billion. That includes $1.275 billion in cash and 2 mIllion shares of Wex stock. Enett is a joint venture majority owned by Travelport, with Optal (formerly PSP International) a minority owner. Enett offers virtual payment solutions for…
Corporate travel and expense management administrators sometimes feel uneasy when suppliers contact company employees directly. Managers get really annoyed when employees receive confusing or misleading information about products or services their companies haven’t bought. Expensify, which has targeted the end user since its inception, inflamed these sensitivities among its clients. Company officials said it was…
Expensify founder and CEO David Barrett on Monday evening announced an ambitious program for social change that, among other measures, directs 10 percent of revenue generated from its corporate card to charity. The company created a charitable organization that solicits donations from non-customers as well as those using Expensify’s payment and expense solutions. The mission…
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