Tag Archives: virtual card

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

The International Air Transport Association disallows travel agencies from using their own credit cards for purchasing airline tickets on clients’ behalf. If an IATA proposal to revise its rules gains approval from members, that prohibition will be history. Even if IATA members approve the amendment at a conference in November, though, Lufthansa Group seems to have no interest… Read More »

United States Requires Virtual Cards In Next Federal Payment Program

[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

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. Here are the accompanying slides. 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… Read More »

Riot Games Coping With Corporate Travel’s Virtual Card Adolescence

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

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

[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 . . . For SubscribersThe full page is available to subscribers of The Company Dime.… Read More »

Sabre GetThere Latest On Corporate Travel Virtual Card Bandwagon

[UPDATE, Dec. 2, 2016: Sabre announced that it added a virtual payment option for airline bookings within the Sabre Red Workspace, furnished with payment firm Conferma. Sabre described the new “standard form of payment” at the agent point of sale as an industry first. The integration “eliminates the need for mid/back-office providers and online corporate booking tools such… Read More »