Total revenue for Serko increased 50 percent year over year for the six months ending Sept. 30,
the New Zealand-based online booking and expense software provider announced Thursday. Revenue increased to NZ$4.7 million (US$3.7 million), with revenue from travel bookings, Serko's "core revenue growth engine," up 36 percent year over year. Online transaction volume rose 32 percent. Serko's net loss widened to NZ$3.6 million (US$2.8 million) from NZ$347,000 (US$272,000) for the prior-year period, which CFO Tim Bluett attributed to "the planned investment we have made in growing our organization and operational capacity to support the pipeline of growth for the business."
MasterCard and Conferma globally expanded their existing integration,
Conferma announced Tuesday. The partnership, first signed in 2011 and dubbed In Control for Business Travel, previously was available only in Europe. With In Control, clients can create virtual card numbers for individual transactions and reconcile booking data. The integration gives In Control clients, including corporate clients and issuing banks, access to Conferma's network of travel management companies, global distribution systems, self-booking tools and online travel agencies to "streamline and modernize [clients'] travel payment and reconciliation processes" regardless of the booking platform used and across all payment categories, according to Conferma.
Deem on Thursday launched a new version of its travel and expense mobile app for Android and iOS devices.
The app features a "refreshed, consumer-grade user interface with faster navigation," according to Deem. The app enables air, car and hotel bookings that incorporate corporate pricing and policy controls. For airline bookings, new features include airline seat map displays and details on inflight amenities, when available. For hotel bookings, the app includes TripAdvisor review integration and hotel property images. The expense module enables travelers to submit and managers to approve reports.
American Express on Monday launched two security solutions, Token Service and host card emulation,
for mobile, near-field communication and online transactions. Token Service automatically replaces card account numbers with digital "tokens" that avoid storage of cardholders' account details by merchants and mobile wallet operators, thereby protecting against fraud, according to Amex. Token Service, based on EMVCo's Payment Tokenization Specification and Technical Framework, is available in the United States and in 2015 will be rolled out internationally. With host card emulation, card issuers store card account details on a cloud server. When a transaction is performed, the card details are transmitted to an NFC-enabled mobile device and then to a point-of-sale terminal "in a fast, secure manner," according to Amex. HCE is available globally.
Commerce platform Deem unveiled a program meant to lure Concur Travel and Expense customers
in light of Concur's proposed acquisition by SAP. Deem's program offers current Concur clients one free year-long subscription on a three-year agreement, no “standard” implementation fees and migration assistance. The offer ends Dec. 31. The offer by Deem—formerly Rearden Commerce—follows an offer issued last month by expense management supplier Expensify of free Expensify services for the duration of current Concur Expense clients' contracts. Expensify also unveiled a tool that enables Concur customers to upload receipts and expenses in Expensify, via a connection with Concur's API.