Tag Archives: Citi

After Lots Of Groundwork, State Of California Pilots Virtual Payment

By | May 31, 2018

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… Read More »

The Defense Department Wants New Travel Systems, But First Had To Simplify Policy

By | May 7, 2018

No one spends more on travel for work than the U.S. military. Its mission to modernize how it goes about that has taken a new turn now that the U.S. Department of Defense is looking for its next partners. Defense expects by the end of September to select vendors for travel booking, expense management and travel management company support.… Read More »

Concur Poised For Self-Booking Virtual Payment

By | July 10, 2017

[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… Read More »

Teleconference 9: Payment

By | April 13, 2017

Payment May 11, 2017, at 12 pm EDT Download the recording here. Gift the recording here. Check out the slides below. Payments underpin travel management. Ease-of-use for travelers and data for employers are vital. To delve into this topic, we talked one-on-one with Citi managing director Gonca Latif-Schmitt, head of the bank’s commercial card business in North America. Topics… Read More »

JPMorgan Chase Exit From International Commercial Card Market Leaves Clients, Partners Scrambling

By | April 16, 2015

JPMorgan Chase will exit the international commercial card business at the end of the year, and that has partners and clients scrambling. Competitors including American Express and Citi stand to benefit from an unscheduled influx of requests for proposals. Unplanned is how one JPMorgan Chase corporate card customer described the situation. “We got official notice in January,” said the source, who… Read More »

Uber’s Banking Endorsements Don’t Assuage Risk Concerns

By | December 11, 2014

When Morgan Stanley and Citi authorized employees to use Uber, cynics scoffed that they were just trying to earn Uber’s business. Managing an Uber IPO, for example, would be lucrative. The Company Dime set out to prove the skeptics wrong, but could not. Supplier vetting is a standard procurement and travel management process. Sensible practice . . . The full… Read More »