MasterCard Worldwide and TRX Inc. on May 7 announced an agreement to develop a Web-based dashboard that will combine data from MasterCard's corporate card program, including electronic hotel folio data, with TRX's data-reporting tools.
"By employing the Travel Dashboard to provide in-depth reports of category-specific spending patterns, corporate travel managers and companies will gain better insights and control of their travel expenses—leading to cost reductions, improved efficiency, better compliance and more impactful vendor agreements," said MasterCard Worldwide group head of the large market segment Marcie Verdin.
TRX in February began beta-testing the TravelTrax data-reporting tool, which provides simplified reporting using Web 2.0 architecture
(BTNonline, Feb. 21).
MasterCard "will be launching with several pilot customers in 2007 and plans to have it more broadly available in Q1 2008," a spokesperson said on May 10.