virtual payment

Op Ed: Kurt Knackstedt On Fintech And ‘Distributech’

Change is constant, yet change is hard. That’s the quandary many in the travel industry face, especially as it relates to distribution. Tried and true technologies continue to operate as designed decades ago, with speed and reliability. However, changing traveler demands and nearly universal access to information have some calling for new designs. Kurt Knackstedt…

After Lots Of Groundwork, State Of California Pilots Virtual Payment

A few months into piloting virtual payment, the quarter-of-a-billion-dollar State of California T&E program already has realized benefits. Tied to policy mandates and program consolidation, the alternative payment mechanism made life easier and more productive for travelers and administrative staff. It took a while to get to this point, still a work in progress. California…

Google Uses Payment For Booking Compliance

New York — From the “you probably can’t do this because you’re not Google” department, Google has built a proprietary hotel booking application. It highlights both negotiated and market rates as part of Google’s unique travel spending program. It’s backed with centralized payment that means travelers don’t have to fiddle with card numbers when booking. And…

Op Ed: Simon Barker On Whether The Corporate World Is Ready For New Technology

As co-founder and CEO of financial technology firm Conferma, Simon Barker has been in the thick of corporate travel’s virtual payment movement. The benefits of single-use virtual credit card accounts are well known: improved security, better management controls, easier reconciliation and a more convenient experience for travelers without their own corporate cards. Barker points out…

With Resellers In Mind, Sabre Relocates GetThere, Other Corporate Products

Purchased for $757 million in 2000, the GetThere corporate booking tool is hardly mentioned in Sabre’s annual reports. The TripCase mobile app isn’t mentioned at all. As usual, neither came up during this morning’s earnings conference call. Along with Sabre’s virtual payments offering, these products have bounced around inside Sabre and had four leaders in…

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

[UPDATE, Nov. 27, 2017: International Air Transport Association members last week approved rule revisions allowing travel agencies to use their own credit cards or “alternative transfer methods” to purchase airline tickets on clients’ behalf. The revisions changed the wording of IATA Resolution 890 to bring it “in line with industry rules and best practices,” according…

Concur Poised For Self-Booking Virtual Payment

[UPDATE, Aug. 21, 2017: Concur plans in September to run virtual payment pilots with travel management companies that have gone through a “readiness” program. In an update for TMCs, Concur indicated that they must have a relationship with Conferma and support virtual payment for both Concur Travel and offline reservations. Concur also indicated that the…

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