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 . . .