Tag Archives: virtual card

Simon Barker On Whether The Corporate World Is Ready For New Technology

By | April 11, 2018

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 »

Lufthansa Reasserts Status Quo Even As IATA May Loosen Up TMC Payment Rules

By | September 20, 2017

[UPDATE, Nov. 27, 2017: International Air Transport Association members last week approved rule revisions allowing travel agencies to use their own credit cards or “alternative transfer methods” to purchase airline tickets on clients’ behalf. The revisions changed the wording of IATA Resolution 890 to bring it “in line with industry rules and best practices,” according to an IATA… Read More »

United States Requires Virtual Cards In Next Federal Payment Program

By | April 3, 2017

[UPDATE, Sept. 12, 2017: The U.S. General Services Administration announced Citibank and U.S. Bank as contractors for its SmartPay 3 program, covering purchasing, travel, fleet and integrated payment services. GSA indicated that the program would total $700 billion in transaction value during the contract term, which including extension options would run from November 2018 to 2031. The 560… Read More »

Teleconference 2: Hotel Buying

By | September 9, 2016

Hotel Buying Oct. 13, 2016 Thanks to all our attendees and speakers! The recording from this event may be purchased here or gifted here for $10. Grab the slides below. On Teleconference 2, The Company Dime and expert guests examined the dynamics of the ongoing 2017 hotel rate negotiating season. ABC Global Services CEO Eric Altschul, Hilton executive director for… Read More »

Riot Games Coping With Corporate Travel’s Virtual Card Adolescence

By | February 4, 2016

Virtual cards are still a work in progress, but Riot Games travel wizard Sean Parham isn’t ready to give up on them. He’s now on his second try. The intended benefits — reduced fraud, easier reconciliation and a seamless traveler experience including an easier expense process — are just too tempting. Last year Parham pulled the plug on a… Read More »

Virtual Payment: Just (Kill) The Fax

By | October 29, 2015

Virtual payment remains a hot topic in managed business travel. The benefits for companies that employ non-cardholding travelers are clear. Not resolved, however, are the headaches associated with faxing card authorizations. Travel managers wonder why the hotel industry can’t get its act together. It’s not as easy as they would hope. Choice Hotels has received praise for one initiative it’s testing

Virtual Payment Attracts Competition In Cindy Allen’s PayForTrip

By | July 21, 2015

[UPDATE, Feb 3, 2017: We published new information related to this article here.] Late of Concur, Cindy Allen and Kathy Burns are looking to cash in on growing interest in the benefits of virtual cards. Their newly unveiled firm, PayForTrip, is the first startup . . . The full article is available to subscribersClick here for purchase and renewal… Read More »