AirPlus International and Cornerstone Information Systems are working together on virtual card programs. According to an AirPlus official, the companies are piloting with select customers back-office integration through Cornerstone’s iQCX system. The official said clients would not need a virtual payment intermediary…
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…
A few months into piloting virtual payment, the quarter-of-a-billion-dollar State of California T&E program already has realized benefits. Tied to policy mandates and program consolidation, the alternative payment mechanism made life easier and more productive for travelers and administrative staff. It took a while to get to this point, still a work in progress. California first explored virtual payment in…
[UPDATE, Aug. 21, 2017: Concur plans in September to run virtual payment pilots with travel management companies that have gone through a “readiness” program. In an update for TMCs, Concur indicated that they must have a relationship with Conferma and support virtual payment for both Concur Travel and offline reservations. Concur also indicated that the next type of travel bookings…
Amid a steady flow of announcements about virtual payment in corporate travel, American Express is putting on a different spin. It has created a model that combines the single-use concept of virtual account numbers with the centralized Business Travel Account setup. Amex’s “enhanced BTA” now is available in Australia and the United Kingdom, with additional markets under consideration, according to…
Denver – Despite its headaches, travel management pros who use virtual payment say it’s too beneficial to pass up. Speakers here during the Global Business Travel Association convention last month raised, and attempted to answer, the many questions. Virtual payment is a popular option for travelers without corporate cards. It cuts accounting reconciliation times and protects against fraud. Various controls…
[UPDATE, March 7, 2018: 30SecondsToFly made available its Claire travel management platform for “small teams” on Product Hunt. Users access Claire by text and on Facebook or Slack. The platform offers pre-trip approval, custom travel policies based on price caps and cabin classes and consolidated travel data for admins filtered by office, department or traveler.] [UPDATE, Nov. 20, 2016: Deem…
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