virtual payment

After Selling, Grasp Technologies Founder Mueller Drops CEO Post

Erik Mueller is no longer CEO of Grasp Technologies, the corporate travel data consolidator and analytics company he founded in 1996. Also a virtual payment provider, Grasp has been under new ownership for about two years. Waverock Software, which acquires, manages and grows enterprise software businesses, in December 2021 announced a “strategic investment” in Grasp. …

Amex GBT Wins Citi, Develops Its Services For Companies Across The Spectrum

Interviewing American Express Global Business Travel CEO Paul Abbott during a Sept. 7 investor meeting, Citi equities analyst Pete Christiansen referenced a “really good” financial services company that GBT had recently won. Turns out, it’s Citi. Implementation in multiple countries is due by year-end, sources said.  CWT, which declined to comment, has been Citibank’s primary…

Grasp’s Virtual Payment Solution Strives For Standard Status

More hotel chains are adopting a solution developed by Grasp Technologies and Marriott International for the vexing problem of communicating virtual payment instructions to properties. “Right now, we’ve launched with Marriott, Hilton, IHG and Hyatt,” said Grasp senior sales director for virtual payments Stacey Mack during a webinar last week. “We will bring on more…

Conferma Preps More Contactless Payment, The ‘Final Piece’ In Virtual Card Success

Sabre-owned virtual payments company Conferma Pay expects by January to provision virtual cards into digital wallets for travel bookings. It’s another means for virtual payment to dispense with 20th-century technology. Faxes now handle a minority of Conferma Pay’s virtual card authorizations to hotel properties, with more reliable, secure email and API connections growing in usage…

Reporter’s Notebook: GBTA Convention Spotlights Efforts To Digitize And Centralize Payment

“The pandemic has had a huge impact across the payments space,” according to Visa Business Solutions senior director Ryan Grabau. “People want to be more digital, for sustainability or because everyone is working remotely. They want to pay contactless. Organizations want more control in managing expenditures and cash flow.” Grabau spoke here last month during…

Following Move To Amadeus, Gant Travel Signs Aimendo For Text Automation

San Diego — Gant Travel Management in 2020 migrated from Travelport’s Apollo to Amadeus, becoming one of the top North America-based corporate travel management companies for the Madrid-based global distribution system operator. Enticing Gant were new Amadeus scripting capabilities and other workflow improvements made possible by “advancements” in connectivity to the TMC’s tech stack, including…

Sabre Buys Conferma Pay

Sabre on Aug. 3 acquired Conferma Pay, the longtime partner that powers its Sabre Virtual Payments solution. Terms were not disclosed. “We believe we are now well-positioned to expand on that proposition with Conferma Pay becoming a Sabre-owned entity,” according to a Sabre statement. The company provided the comment after The Company Dime viewed a…

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