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May 22, 2015 - 01:30 PM ET

Bank of America Merrill Lynch could enable Apple Pay for corporate card clients as early as this year, global card and comprehensive payables for global transaction services head Kevin Phalen said at BTN’s Tech Talk conference in Chicago. “We expect later this year, from a corporate commercial perspective, that the applications will be embedded for us to provide [the product] on behalf of our clients,” he said. Payment company leaders initially said security and data issues could lead to a two- to three-year waiting period for the technology.

May 06, 2015 - 11:55 AM ET

AirPlus International customers during the first quarter spent 8 percent more on business travel year over year, according to a report released Tuesday by parent company Lufthansa. Clients' air travel spend rose 7.5 percent, "with companies booking 7.3 percent more business flights," according to the report. Lufthansa for the first quarter reported €16 million (US$18 million) in AirPlus earnings before interest and tax,up 50 percent year over year due to international business travel growth and "positive exchange-rate effects."

May 06, 2015 - 11:45 AM ET

Expense management firm Serko Incharge released a version of its mobile application that uses optical character recognition to capture mobile receipts and automatically matches them to card charges, the company announced Wednesday. Serko acquired Incharge in January 2014.

April 28, 2015 - 12:15 PM ET

Corporate payments provider Wex has expanded its virtual payments offering to 11 currencies for European customers, according to the company. Issuance and settlement had been available only in euros, U.S. dollars and British pounds, but Wex added the currencies of Australia, Denmark, New Zealand, Norway, Poland, South Africa, Sweden and Switzerland. Wex Europe managing director Myles Stephenson said the ability to pay with a local currency "eliminates the risks of currency fluctuation, improves reconciliation in local currencies to ensure no variances and makes any card network charges fully transparent."

April 20, 2015 - 09:40 AM ET

BMO Financial Group clients participating in the Diners Club International rewards program now can pool Club Reward points for company use, senior manager of T&E corporate card products Alan Docherty told BTN. Under the new Corporate Collect program, every U.S. dollar spent equals one point and “will roll up to the corporation to use,” instead of the individual cardholder, Docherty explained. American Express in 2013 launched a similar program specifically for small businesses; BMO's program launched in January and is used by a few small and midmarket companies but is open to clients of all sizes, he said. BMO also plans to roll out a virtual card product this spring, following a pilot program launched in July 2014, he said.

April 15, 2015 - 02:55 PM ET

United Kingdom-based clients of both expense management provider Chrome River and payment solutions and foreign exchange services company Western Union Business Solutions now can process crossborder payments, invoices and expenses, the companies announced. The partnership last June launched similar offerings for North American clients.

March 17, 2015 - 03:50 PM ET

Travel technology provider Sabre integrated its virtual payments solution with its GetThere online booking tool, the company announced Tuesday. Sabre’s travel management company clients now can create one-time-use virtual card numbers at the point of sale for hotel bookings in the United States and United Kingdom. Virtual cards for air bookings and for other regions will be added in the coming months, a Sabre spokesperson said. Sabre Virtual Payments is powered by Conferma.

March 13, 2015 - 01:40 PM ET

AirPlus International for 2014 reported revenue of €341 million ($358.1 million), an 11.4 percent year-over-year increase, according to parent company Lufthansa Group’s annual report, released Thursday. With operating expenses up 3.4 percent to €302 million, AirPlus reported an operating profit of €39 million, a €25 million increase from the prior year. Full-year billing volume increased 7.2 percent from 2013 levels.

March 12, 2015 - 11:10 AM ET

Fox World Travel has launched a virtual card solution, powered by payment-technology provider Conferma, for hotel, air and rental car reservations, the companies announced Thursday. The move enables the travel management company to generate single-use virtual card numbers with customizable fund limits, merchants and expiration dates for both agent-assisted and online reservations, according to Fox. The deal follows Conferma's announcement last September of a similar partnership with Carlson Wagonlit Travel.

March 11, 2015 - 12:05 PM ET

Uber for Business introduced customizable policy controls that enable administrators to set day, time and pick-up location parameters for "pre-approved Uber trips," according to a blog post. For example, if a company has a policy that covers transportation home for employees working late, administrators can "simply set the days and time—for example Mon–Fri, 8 p.m. until 5 a.m. for rides originating from the office." The company noted that "more controls are coming soon" for its Uber for Business platform, which targets company accounts with features that already included central billing options and a dashboard for administrators. Since launching in July 2014, "thousands of companies have joined our business platform and hundreds of thousands of business trips have taken place around the world," Uber claimed.

March 10, 2015 - 11:55 AM ET

UATP added rail content aggregator SilverRail as a new merchant, the payment solution provider announced Tuesday. Travelers now can purchase train tickets with UATP cards in Belgium, Canada, Germany, Italy, the Netherlands, Spain, Sweden, the United Kingdom and the United States.

March 09, 2015 - 04:40 PM ET

Serko expects revenue for its fiscal year ending March 31 to be as much as 6 percent lower than the NZ$11 million target forecast in a May 2014 prospectus, according to investor disclosures made Monday. The New Zealand-based corporate travel and expense system provider attributed the revenue shortfall in part to "the timing of billable software development," which will be recognized in its next fiscal year, "client-procurement delays" for its Serko Incharge expense-management solution and the "delayed launch of Serko Mobile," released this month. For the first half of its next fiscal year, ending in September, Serko revenue is forecast to be 8 percent lower than the NZ$8.3 million previously forecast, owing to currency exchange-rate fluctuations, as well as "the delayed launch of Serko Mobile."