With Success Stories Piling Up, Industry Seeks Common Virtual Payment Processes

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 outweigh the remaining concerns.

Among 72 U.S.-based travel managers polled this year by The Company Dime, 15 percent said their organizations used virtual payment for lodging. Another 40 percent said they were considering it. Asked about ongoing challenges, several pointed . . .

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Author: David Jonas

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.