Distribution
The Amadeus-Sabre Moneydirect joint venture for payment and settlement processing launched multi-currency virtual credit cards, which it said are processed like regular credit cards and can reduce travel suppliers' invoice processing costs
by more than 90 percent. "In addition, the virtual credit card captures and tracks important booking details, including the reservation code, requester identifier, traveler name, hotel chain code/name, room type, rate code, hotel confirmation number and check-in/check-out dates," according to Moneydirect, which claims more than 2,000 customers including travel agencies and suppliers.