May 17, 2012 - 07:10 AM ET
Payment
fraud incidents in 2011 declined to the lowest level in seven years, according
to the Association for Financial Professionals' 2012 Payments Fraud and Control
survey. Even so, "two-thirds of companies experienced attempted or actual
fraud...
May 16, 2012 - 11:05 AM ET
Lodge
cards are set to receive their biggest shake-up in 30 years as various trials
start later this summer to generate single-use 16-digit card numbers in the
passenger name record of every air booking made through a central payment
account with...
May 15, 2012 - 03:15 PM ET
U.S. Bank announced a global partnership with United
Kingdom-based settlement technology provider Conferma to help corporate
customers automate travel expense reconciliation of virtual or single-use
accounts and embed necessary reporting detail into...
April 03, 2012 - 04:15 PM ET
As expense reporting providers expand deployment of
their products, new enhancements include foreign-language support, mobile
versions and improved user experiences.
April 02, 2012 - 03:20 PM ET
A compliance crackdown appears to be underway as
corporations use reporting, technology and auditing tools to scrutinize travel
expenses, according to the 9th annual Business Travel News Expense Manager
Survey.
March 26, 2012 - 02:00 PM ET
Citi Commercial Card
announced the release of a Web-based audit tool to help program managers
monitor card activity, policy compliance, fraud and card misuse. Going
beyond flagging noncompliant transations, the Program Audit Tool provides the means...
March 14, 2012 - 10:15 AM ET
AirPlus International and JPMorgan Chase will
target large corporations with a co-branded global payment solution, which
officials said the firms would introduce to North America-based multinationals
this year. The companies last week announced a strategic...
March 02, 2012 - 08:20 AM ET
Corporate
payment services specialist AirPlus International has developed a prototype
mobile phone payment process that attaches such employee details as project
code or cost center to transaction data.
February 23, 2012 - 01:00 PM ET
About a year after U.S. Bank's Corporate Payment
Systems business started to issue commercial cards in Europe, bank officials
last week announced plans to expand to emerging markets. To lead the charge,
the bank promoted Alan Gibson to manager of emerging...
February 21, 2012 - 03:30 PM ET
The more spending that corporations capture through
their corporate card program, the better the data and the reconciliation, and
the greater the benefits, according to a survey and assessment of card best
practices conducted by the Association of...
February 09, 2012 - 12:10 PM ET
Following a rash of
announcements during the past fortnight, hotel payment solutions appear to be
the plat du jour in Europe. Both Sabre and Amadeus have announced deals with
Conferma, a United Kingdom-based company providing virtual card numbers to
automate...
January 30, 2012 - 03:40 PM ET
Business travel managers and procurement
professionals are under increased pressure to control costs, manage total spend
and deliver detailed data that serve as the basis for informed buying
decisions. Corporate travel and purchasing cards provide...
January 23, 2012 - 01:15 PM ET
Citi last fall named Manish Kohli managing director and
global head of commercial cards, within its global transaction services unit. A
14-year Citi veteran, Kohli most recently led the firm's growth into new
markets in Europe, the Middle East and...
December 12, 2011 - 10:30 AM ET
The rash of new or expanded credit card surcharges imposed
in recent months by airlines in Europe has forced the travel industry and
regulators in the United Kingdom to take a closer look at the benefits and
costs of credit card payments, and determine...
December 09, 2011 - 12:50 PM ET
Single-use accounts in the last few years have
emerged as one of the fastest-growing commercial payment products. Adoption
will skyrocket into next year as 60 percent or more of large-market and Fortune
500 companies are expected to use virtual cards...