Expense Management - Business Travel News Expense Management - Business Travel News

Share this page


April 07, 2014 - 01:50 PM ET

All new U.S. Bank of America Merrill Lynch corporate travel and expense cards will have chip-and-PIN technology, the bank announced. BoA Merrill Lynch will replace existing clients' cards with chip-and-PIN cards at the time of renewal. BoA Merrill Lynch in 2012 first began issuing chip-enabled cards in the United States and since has issued more than 100,000 cards with embedded microchips, according to the company. Banks typically have issued chip-and-PIN cards in the United States only to certain senior executives within an organization. The embedded microchip carries card and user information that a user verifies with a personal identification number, making the transaction process more secure than magnetic swipe cards. The United States plans a full transition to chip-and-PIN cards by 2015.

March 26, 2014 - 11:50 AM ET

Databasics announced a new integration with practitioner database MedProID, making the expense management provider compliant with the United States Physician Payments Sunshine Act. Databasics claimed the integration simplifies Sunshine Act compliance by allowing users to "quickly and easily" search in "multiple ways" an attendee's national provider identifier through Databasics and link the information to an expense, thereby fulfilling the act's reporting requirements. The Sunshine Act, which took effect this month, is designed to increase transparency of financial relationships between doctors and pharmaceutical and medical companies. SAP this month also announced an integration with MedProID.

March 21, 2014 - 10:30 AM ET

Canada's WestJet Airlines became a UATP issuer, the corporate payment firm announced. The airline since 2012 has accepted UATP as a form of payment and has expanded the relationship to begin "issuing accounts in Canada," according to UATP.

March 04, 2014 - 03:45 PM ET

Illinois-chartered First American Bank warned customers not to use their FAB debit cards "or any other cards" in local taxis. Taxi companies that use Taxi Affiliation Services and Dispatch Taxi to process card transactions were affected, including American United, Checker, Yellow and Blue Diamond and others, according to the bank's website. FAB in the Feb. 28 online statement said it reported the breach to MasterCard and made "repeated attempts" to deal with taxi-payment processors Bank of America and Bank of America Merchant Services to stop processing payments until the breach was resolved. However, Bank of America Merchant Services in an email to BTN said that "at this stage in the investigation, it has not been determined that a data breach on a merchant or any of our systems has occurred." In the meantime, FAB is closing and reissuing compromised cards. FAB did not respond to a request for comment.

February 27, 2014 - 05:55 PM ET

Insperity in January appointed David McLaren vice president of sales of its Expense Management division, according to the company. McLaren reports to Insperity Expense Management president John Tangredi and is responsible for "directing Insperity Expense Management's national sales efforts" in the United States. McLaren, previously senior vice president of sales at health education training solutions company Ascend Learning, replaces Cary Strange, who no longer is with the company.

February 25, 2014 - 02:05 PM ET

AirPlus International by late 2014 will offer its central bill solution on the MasterCard network. It is "designed for large, U.S.-based multinational enterprises" that are clients of JPMorgan Chase Bank, according to AirPlus. First launched in March 2012 solely on the UATP network as part of a partnership with JPMorgan, the AirPlus Company Account option will continue to be offered to UATP customers. The new offering will have the same functionality as the UATP product, but "brings it to a more widely accepted platform" which can accommodate payments to those "low-cost carriers" that do not accept UATP, according to an AirPlus official.

February 05, 2014 - 02:45 PM ET

Visa plans to integrate with SAP Financial Services Network, enabling corporate clients to electronically automate invoice payments through SAP, the card network announced. The integration, taking effect this summer, will allow corporate clients of participating Visa commercial issuers to route payment instructions to Visa via the SAP network, according to Visa. 

February 04, 2014 - 03:45 PM ET

WSCA-NASPO and U.S. Bank extended their existing purchasing agreement for up to seven years, the bank announced. The contract with the Western States Contracting Alliance-National Association of State Procurement Officials Cooperative Purchasing Organization was also expanded to include fleet cards, in addition to the purchasing, travel and one card products already available. The contract allows states, cities and public educational entities to issue one payment per month to cover all purchases on each card type. Travel and procurement managers also can monitor transactions online "almost immediately," while suppliers receive "immediate payment," according to U.S. Bank. WSCA-NASPO holds the first-ever negotiated multistate airfare program, developed in 2013 with Southwest Airlines.

February 03, 2014 - 03:50 PM ET

HRG's wholly owned Spendvision expense management unit announced its "first total travel and expense management product." The integrated system provides booking capabilities for air, hotel, car rental and ground transportation reservations "without ever having to leave the Spendvision platform," according to the company. The system can be deployed as a standalone solution or "alongside existing internal systems," and can integrate "with any travel management company," which enables client users to deploy it "without having to change existing travel processes." HRG in March 2012 acquired the shares of Spendvision it did not already own and two months later laid out plans for merging expense management technology with its core travel booking system. 

January 24, 2014 - 10:20 AM ET

Expense management system provider Databasics hired industry vet Michael Jacques "to direct business development activities" in a newly created position. During his 30-year career, Jacques is credited with starting and selling four travel agencies, and serving in management positions at Carlson Wagonlit Travel, Maritz, Farelogix and, most recently, global outsource provider EXL. He also is a member of the Global Business Travel Association Technology Committee.

January 16, 2014 - 09:35 AM ET

Conferma announced plans for an "early 2014" launch of a mobile app allowing users to generate 16-digit virtual card numbers for travel payments. The WebPay Mobile app will be available on iOS and Windows mobile platforms. As with Conferma's usual virtual card processes, corporate clients can control how and when employees use card numbers on their mobile devices, including specifying the merchant and the amount to be paid.

January 14, 2014 - 01:50 PM ET

Expense and invoice management firm Chrome River raised an additional $17 million in financing. Bain Capital Ventures lead the Series C funding round, along with existing investors Argentum and First Analysis. According to a prepared statement from Chrome River CEO and co-founder Alan Rich, the new round of venture capital funding will be used to expand in domestic and international markets and add product features, including "new mobile functionality." The funds also will allow Chrome River to invest in "significant modules and services" to complement its accounts payable solutions. Argentum and First Analysis previously invested $3 million in the company. Chrome River in 2013 ranked 81st on Deloitte's annual Technology Fast 500 list after posting four-year revenue growth to 2012 of 2,319 percent.