Travel Payments/page/4 news and trends

Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
BNPL // May 08, 2024

Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on...

CTS Systems Adds Corcentric’s Managed AR to Travel Booking Platform
Accounts Receivable // May 08, 2024

CTS Systems has integrated Corcentric’s Managed Accounts Receivable (AR) services into its travel booking platform.  With this integration, the CTS Systems platform will offer corporate travel agents and hotels a single-source solution providing consolidated, digitized and secure invoice processing, the companies said in a Wednesday (May 8) press release.  “By partnering with...

Expensify to Add Travel Features to Financial Management Platform
B2B Payments // May 08, 2024

Expensify will add travel booking and management capabilities to its financial management platform for expenses and corporate cards. The new Expensify Travel will begin rolling out next week in the Expensify web and mobile apps and will later be integrated into the new chat-based super...

Checkout.com and Mastercard Offer Virtual Cards for Travel Agents
B2B Payments // May 02, 2024

Checkout.com has teamed with Mastercard to offer virtual cards to online travel agents.  “As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card technology and an innovative pricing model, customers of Checkout.com will be able to pay their suppliers more easily and benefit from...

Interviews & Exclusives
Fleet Sector Travels From Closed-Loop to Future-Ready

April 16, 2024
Where an industry goes tomorrow is a step-function from where it is today. And this is particularly true within the fleet management ecosystem, where traditional payment methods like fuel cards remain, by far, the most common payment scenario. Increasingly, addressing the challenges of traditional fleet payments, including cumbersome manual processes and security loopholes, are playing […]

New US Passport App Removes Friction Amid Business-Leisure Travel Shifts

April 07, 2024
The cost of skipping long airport queues is set to increase due a hike in fees for expedited security programs, according to a recent press release by the U.S. Customs and...

Business Travel Reporting Starts With Central Expense Management

April 02, 2024
It’s a new era for business, and that means it’s a new era for business travel. And against today’s backdrop, where every dollar of working capital matters, travel spend management...

J.P. Morgan Payments and Expedia: Platform Ecosystems Demand Treasurers Become Risk Management Professionals

March 25, 2024
Jim Scurlock, senior director and assistant treasurer at Expedia, and Larson McNeil, co-head of marketplaces and digital ecosystems at J.P. Morgan Payments, told Karen Webster that the role of the...

Quick Reads
Airlines Sue DOT Over New Fee Disclosure Rules

May 13, 2024
Airlines are reportedly suing the U.S. Transportation Department (DOT) over new fee rules. The suit was filed in federal court last week by industry group Airlines for America, Reuters reported Monday (May 13). Joining in the suit were American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Airlines and Alaska Airlines. The legal action followed the DOT’s release last month of rules that require airlines and […]

CTS Systems Adds Corcentric’s Managed AR to Travel Booking Platform

May 08, 2024
CTS Systems has integrated Corcentric’s Managed Accounts Receivable (AR) services into its travel booking platform.  With this integration, the CTS Systems platform will offer corporate travel agents and hotels a single-source solution providing...

Expensify to Add Travel Features to Financial Management Platform

May 08, 2024
Expensify will add travel booking and management capabilities to its financial management platform for expenses and corporate cards. The new Expensify Travel will begin rolling out next week in the...

Checkout.com and Mastercard Offer Virtual Cards for Travel Agents

May 02, 2024
Checkout.com has teamed with Mastercard to offer virtual cards to online travel agents.  “As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card technology and an innovative pricing model,...