[UPDATE, June 14, 2019: Starting June 17, users of Southwest Airlines’ Swabiz corporate booking portal must insert their credit card’s three- or four-digit security code. According to the airline, that includes those using a “Swabiz ghost card” (when card info wasn’t stored before June 17), those using a stored personal card (for the first purchase…
A Connecticut woman this week pleaded guilty to embezzling more than $1 million from her company during a three-year period to 2016 by exploiting payment and expense reimbursement processes. As much as business leaders would like to trust employees, preventing them from stealing is a big reason to have travel and expense management. Despite corporate…
Used mostly for policy and preferred supplier modeling or to sense travelers’ wants and needs when they make bookings, predictive tech in travel management holds a lot more promise. Potential use cases for predictive analytics range from the practical to the big picture. Wouldn’t it be good to know if an employee is burned out…
You probably won’t find “auditing expense reports” on a list of tasks humans are sorry to see go to bots. Sensing an opportunity in this back end, five-year-old AppZen in early 2016 shifted from the crowded expense software market to auditing. It’s no longer selling a mobile expense app that some big corporate clients like….
A once prominent physician is due Dec. 4 at a medium-security prison in Otisville, N.Y., to serve a 366-day sentence for unlawfully obtaining more than half a million dollars in travel expense reimbursements. Dr. Jean-Francois “Jeff” Geschwind this summer admitted to multiple occasions of falsifying expense reports during an eight-year span ending in 2015, according…
Global distribution system providers this week did not contest the results of an examination by Germany-based tech security experts showing vulnerabilities in reservation systems. Security experts contacted by The Company Dime said the potential for abuse may be greater than the researchers outlined in that such information could be used for crimes including corporate espionage…
As with hacking, if it hasn’t happened to you yet, fraud will. Travel management companies can be unwitting participants in deceit. In one unsettling but increasingly common scenario, scammers search the Internet or buy hacked information to find out companies’ travel agencies and other details. They masquerade as executives from those companies in calls to…
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