Airfare price tracking and refund provider Yapta announced a "formal pilot program" of its enterprise solution,

designed to deliver savings when "corporate airfares drop in price." In development for the last several months, the system is "designed specifically to engage with any back-end corporate travel environment," according to the company. Called FareIQ, it "was built on more than five years of knowledge and expertise tracking airfares for consumers and successfully identifying millions in potential savings," according to Yapta president and CEO Ken Myer. Most domestic U.S. airlines offer refunds in cases where prices drop by a certain amount, which varies by carrier. Prior to the new pilot, a six-month test of the "patent-pending technology ... revealed $2.8 million in savings on a sample of 100,000 business itineraries," according to Yapta. Its pilot with "several large TMCs and their clients" includes CorpTrav Management Group near Chicago. Yapta is part-owned by Concur.