Amadeus recently conducted research to assess the travel industry’s readiness for new payment security rules in Europe. Jean-Christophe Lacour, the company’s head of merchant services for payments, explains what is changing and when, and discusses the implications. The way consumers make payments in Europe will enter a new era from Dec. 31, 2020, (September 2021…
Wex agreed to buy fellow business-to-business payments firm eNett and transaction optimization company Optal for a combined $1.7 billion. That includes $1.275 billion in cash and 2 mIllion shares of Wex stock. Enett is a joint venture majority owned by Travelport, with Optal (formerly PSP International) a minority owner. Enett offers virtual payment solutions for…
[UPDATE, Feb. 25, 2020: TripActions announced partnerships with Comerica Bank, Goldman Sachs, Silicon Valley Bank and Visa for the Liquid initiative. The program, using cards issued by Stripe, offers clients a 1.5 percent rebate, integrates with the booking process to support policy compliance and delivers unified payment and booking reports.] At the GBTA convention in…
Corporate travel players continue to smooth out the seams in virtual payment use, especially at hotel check-in where confusion remains commonplace. Sabre is testing the placement of virtual payment indicators along with booking info in its global distribution system. Associations are working on a new payment “channel” that would operate in parallel to booking channels….
U.S. Bank and Chrome River will add travel booking and features for road warriors to their mobile app that unites virtual payment and expense reporting. Announced in May and still in testing, the Expense Wizard app initially targets infrequent travelers, non-employees like job candidates and contractors, and anyone else without individual corporate cards. Travel management…
Vanessa Zeiher-Kaya is the global principal corporations segment marketing manager for Sabre. In this guest post, she reviews the key points travel managers should keep in mind as they seek out the right travel tech partners. There are dozens of technology providers, which often makes the process of finding the right one drawn out and…
Wondering what Apple’s ambitions in payment mean for corporate travel? You’re not alone. Yael Klein of AirPlus International is here with her two cents. When Tim Cook introduced the new Apple Card in March as “the most significant change in the credit card experience in 50 years,” people obviously expected greatness. But what will we…
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