Posted in Payment Suppliers

American Express CEO: Global Card Market May See Fewer Players

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…

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Posted in Suppliers

Amex Global Business Travel: Investor Dispute Involving Carlyle Group Doesn’t Impact Day-To-Day

A shareholder in American Express Global Business Travel is suing two investment firms, Carlyle Group and GIC, to get them to stick to their agreement…

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Posted in Risk Suppliers

Coronavirus Changes View Of Recent Acquisitions, Muddles Forecasts

Coupa execs on Monday confirmed it bought Yapta for about $100 million, but said the new property would underperform relative to original expectations. Wex acquired…

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Posted in Suppliers

With Enterprise Value Of $5 Billion, American Express Global Business Travel Gets Ten-Year Commitments From Investors, Key Leaders

As part of a recapitalization agreement announced Tuesday, existing and new investors in the American Express Global Business Travel joint venture made a ten-year commitment….

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Posted in Payment

Under Amex’s Shadow, Travel Management Companies Tighten Payment Ties

BCD Travel on Thursday announced it would become UATP’s first travel management company issuer of lodge card accounts. An official from CWT said the TMC…

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Posted in Payment Suppliers

As Associations Explore Virtual Payment Standards, Providers Push Solutions

Corporate travel players continue to smooth out the seams in virtual payment use, especially at hotel check-in where confusion remains commonplace. Sabre is testing the…

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Posted in Payment Risk

Bristol-Myers Squibb Implements Citi Corporate Cards Across 32 Countries To Improve Acceptance, Spending Controls

Treasury & Risk magazine last month recognized Bristol-Myers Squibb for new payment programs that include virtual cards for meetings and a switch to Citi for…

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