MasterCard International today announced that it has partnered with Carlson Hotels Worldwide, Choice Hotels International and Hilton Hotels Corp. to transmit electronic folio data from 6,000 properties to MasterCard corporate clients.
While former electronic processes could break out only the sum of the parts, the e-folio transmission enables such level-three details as telephone charges, taxes and business center fees, as well as ancillary expenses to be itemized and sent electronically to client expense reporting systems.
MasterCard initially is offering the folio transmission through four of its bank issuers: Bank One, Citibank, GE Corporate Payment Services and JPMorgan Chase.
"Through these alliances, an enhanced level of travel-related information can now be passed electronically through to the corporation, allowing for increased control, analysis and reporting of business travel expenditures," said Steve Abrams, senior vice president of MasterCard Corporate Payment Solutions, in a statement.
In announcing its folio initiatives, MasterCard joins Visa, which already partners with Choice, Hilton and Prime Hospitality
(BTN, Aug. 25, 2003).