virtual payment

Digital payment using a unique credit card number for card-not-present transactions to minimize fraud risk. Can be limited to a certain date range, vendor or amount. Includes 16-digit card number, expiry date and security code.

_______________

TravelPerk CEO Avi Meir
·

What is Yokoy, The Expense Software Firm TravelPerk Just Acquired?

TravelPerk on Tuesday announced it acquired Switzerland-based Yokoy in an all-equity deal alongside a $200 million infusion valuing TravelPerk at $2.7 billion. What’s Yokoy? Founded in 2019 as Expense Robot, the company changed its name in 2020 and began European expansion. It offers an AI-powered, cloud-based spend management platform with expense management and a variety…

Juno enters travel management market to address guest travel
· ·

Pana Founders Return For Another Round With Non-Employee Travel

Defunct guest travel tech company Pana was so beloved by corporate travel managers that one of them started his own. Now he’s competing with the guys who created Pana. Devon Tivona and Sam Felsenthal on Tuesday announced a second quarter 2025 launch date for Juno, an “all-in-one” platform for non-employee travel and expense management. According…

Notebook on GBTA's Payment Solutions committee webinar on the updated RFP template
·

Notebook: Key Steps For Card RFP Success

When embarking on corporate travel card request for proposals processes, buyers should leave plenty of time for preparation and hiccups. That was a cornerstone among the recommendations shared on a Nov. 1 webinar by members of GBTA’s payment committee as they walked through their updated RFP template. They advised buyers to conduct early self-reflection to…

Why hotel attachment is important and how to make it happen
·

Explainer: Hotel Attachment

Why do travel management professionals care whether travelers book hotel stays at the same time as flights? There are pragmatic and financial reasons, and several methods to close the loop. Hotel attachment occurs when a lodging booking happens with an air booking, either through an agent or a designated booking tool. The higher the ratio,…

Empath Travel CEO and co-founder Greg Wilczek
· ·

Travel Manager-Turned-Entrepreneur Greg Wilczek Aims To Tame Non-Employee Travel

The challenges of non-employee travel and the market vacuum left after Coupa bought and decided to bury Pana, a startup that largely solved the problem, are well-documented. Former Google travel manager Greg Wilczek plans to reveal an answer next year. Founded in September, his company, Empath Travel, will help corporations handle business travel for job…

Dispatch 13
· ·

Dispatch 13

When responding in late August to competition concerns raised by the U.K. Competition and Markets Authority over their proposed combination, leaders at American Express Global Business Travel and CWT must have held their noses. Their redacted response, released last week, showed that to get the deal approved, execs surmised they had to “big up” their…

Megin Dressel, travel manager at Keller North America, speaking about virtual payment at the GBTA convention

Geotechnology Firm Keller Goes Old School To Scale Virtual Payment

Atlanta — Keller North America is an engineering company employing many workers who may not carry phones to job sites. They don’t have corporate-issued phones or corporate email addresses to receive communications. And no corporate cards. They often join the firm at the last minute in far-flung locales. Keller uses virtual cards for about $14…

End of content

End of content