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 »
As co-founder and CEO of financial technology firm Conferma, Simon Barker has been in the thick of corporate travel’s virtual payment movement. The benefits of single-use virtual credit card accounts are well known: improved security, better management controls, easier reconciliation and a more convenient experience for travelers without their own corporate cards. Barker points out the payment option… Read More »
Serko since October switched over 1,100 accounts in Australia and New Zealand to its new self-booking tool, Zeno, from pre-existing Serko Online. The next stop is North America, where beta tests are planned for next month. The company intends to roll out Zeno in the market in May or June. Zeno has many features found in typical corporate… Read More »
[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 »
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 »
Much work is needed for email authorizations to supplant old-fangled faxes as the de facto standard for virtual card authorizations. That is, if the industry cannot first dispense with both. Conferma last month described its new encrypted email solution as a PCI-compliant “breakthrough.” The company says it is cheaper than sending faxes and approved by such banking partners… Read More »
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.… Read More »