Treasury & Risk magazine last month recognized Bristol-Myers Squibb for new payment programs that include virtual cards for meetings and a switch to Citi for greater acceptance. The company implemented the multi-faceted program in 32 countries within eight months. Sara Friedlander, BMS director of enabling services for global procurement, spoke on the magazine’s May 22…
A year ago this week, IHG announced a new operating structure. One part is an “integrated commercial and technology” organization that combines tech development for sales and distribution functions. Since then, the hotel company finished installing a new reservations system. It also introduced a small business program portal and an online sourcing solution for groups and…
Australia-based travel agency automation firm Troovo hit the scene a few years ago with robotics to handle various transaction processing and other agency mid-office functions. Now it’s starting to make some hay by applying those robotics to virtual payment processes. Orbit World Travel and QBT Travel have signed on. Spun out from a travel agency, Troovo…
San Diego – Industry players are working to smooth out the rough spots in virtual payment for managed travel. Even without commonality across all the players, many travel program managers are finding the benefits of virtual payment too good to pass up. Reducing fraud, streamlining reconciliation and making things easier for travelers without corporate plastic…
Released last month, Grasp Technologies’ latest version of the GraspPay virtual payment system integrates with online booking tools via XML connections. Aside from SAP Concur’s work to integrate virtual payment with its Compleat mid-office system, no parties had accomplished seamless online booking tool integration, Grasp vice president Dave Lukas claimed. Lukas said Grasp’s “prominent integrations” are…
AirPlus International and Cornerstone Information Systems are working together on virtual card programs. According to an AirPlus official, the companies are piloting with select customers back-office integration through Cornerstone’s iQCX system. The official said clients would not need a virtual payment intermediary like Conferma. AirPlus first brought its virtual payment solution to the U.S. market…
Conferma relaunched its TripPay Android and iOS mobile app with a new name and some new features. Now called Conferma Pay, it is “the first app to support creating and receiving of virtual cards for business on a mobile device across multiple banking partners,” according to the company’s website. As with pre-existing virtual cards, the app…
End of content
End of content
