Payment & Expense

Wex Puts Brakes on eNett Buy, Sellers Say Deal Still BindingBy Adam Perrotta

Three and a half months after agreeing to the $1.7 billion acquisition of virtual travel payments providers eNett and Optal, Wex Inc. wants to back out... KEEP READING

UATP, Citcon to Enable Airline Payments via Chinese Mobile GiantsBy Adam Perrotta

UATP member airlines soon will be able to accept payments made via ubiquitous Chinese mobile payment services Alipay, WeChat Pay and China UnionPay over... KEEP READING

Conferma, Visa Ink Mobile Virtual Card PactBy Adam Perrotta

Eighteen months after initially rolling out its mobile wallet-based virtual card service, Conferma Pay is seeking to scale up the service via a new deal... KEEP READING

Amex Q1 Commercial Card T&E Spending Down, Q2 Plummet AheadBy Adam Perrotta

Global first-quarter travel and entertainment spending volume on American Express corporate cards plummeted 21 percent year over year, the company said... KEEP READING

TravelBank Adds Work-From-Home Expense Tool, Subscription PricingBy Adam Perrotta

With millions of employees working from home amid Covid-19-induced office closures, TravelBank has added a new feature to its expense management system... KEEP READING

A Winning Combination?By Adam Perrotta

Several key corporate travel and expense elements, such as booking, trip management and expense reporting, in recent years have grown steadily more... KEEP READING

Trump Seeks to Loosen Limits on Corporate Meal Tax DeductionsBy Adam Perrotta

In a bid to help the U.S. restaurant industry, which has been hit hard by closures and reduced demand stemming from the Covid-19 outbreak, President... KEEP READING

Ditching Personal Cards, Letgo Embraces New Payment SystemBy Dawit Habtemariam

Business travelers at smaller companies don't always have access to the full complement of travel technology and tools that travelers from large... KEEP READING

Navigating China's Payment Systems Requires PlanningBy CWT senior director of Asia/Pacific multination customer group Akshay Kapoor

Despite the current coronavirus crisis, which has all but isolated China from business travelers around the globe, it is inevitable that organizations... KEEP READING

Business Travel by the Numbers

STR and Tourism Economics' 2020 U.S. hotel forecast illustrates a stagnant sector in which new supply exceeds demand. In fact, it's the first STR... KEEP READING

Why TMCs Are Banking on New Payment ProductsBy Adam Perrotta

The recently announced TripActions Liquid corporate travel payment tool represents a convergence of three ongoing trends in the corporate travel sector:... KEEP READING

Coronavirus Concerns Scuttle Concur FusionBy Elizabeth West

SAP has pulled back all planned events for March 2020 over public health concerns surrounding the global spread of Covid-19, including its signature... KEEP READING

Hotel Wholesaler Integrates Troovo For Virtual PaymentsBy Adam Perrotta

Hotel room wholesaler WebBeds will use Troovo Technologies' virtual payment card generation tools to make payments to hotel suppliers, the companies... KEEP READING

TripActions Launches Payment Card, Promising Travel Spending ControlsBy Adam Perrotta

TripActions has launched a payment card designed to work directly with its travel management platform, according to the company. Dubbed TripActions... KEEP READING

Advito Partners with Edgar, Dunn for Payments Consulting ServiceBy Adam Perrotta

BCD Travel consulting arm Advito has partnered with consultancy Edgar, Dunn & Co. to launch a new payments consulting service, according to the... KEEP READING

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