Payment & Expense

Certify: Ride-Hailing Bumps Meals as Most-Expensed 2019 Spending CategoryBy Adam Perrotta

Ride-hailing services were the most-expensed business spending category in 2019, according to a new Certify report, the first time since 2015 that meals... KEEP READING

Possible Visa Interchange Fee Hike Could Mean Costlier Online, Virtual BookingsBy Adam Perrotta

Visa is overhauling its interchange rate structure, according to a published report, a move that could mean higher fees for some types of corporate... KEEP READING

TripActions Teams with Virtual Pay Specialist TeampayBy Adam Perrotta

TripActions has partnered with corporate virtual payments startup Teampay, enabling mutual clients of the two companies to use Teampay virtual cards to... KEEP READING

Amex GCS Revenue, Billings Up in Q4By Adam Perrotta

The corporate payment card division of American Express reported $3.5 billion in fourth-quarter revenue net of interest expenses, up 7 percent over the... KEEP READING

Wex to Acquire Travelport's eNett for $1.7 BillionBy Adam Perrotta

Wex has entered into a definitive agreement to pay $1.7 billion to acquire virtual travel payments provider eNett from majority owner Travelport and... KEEP READING

Troovo Signs onto Mastercard Virtual Business Travel Payments PlatformBy Adam Perrotta

Troovo Technologies has integrated its automated virtual payment card issuing and processing services into Mastercard's In Control for Business Travel... KEEP READING

Certify/Chrome River Rebrands as Emburse, Names New CEOBy Adam Perrotta

The corporate conglomerate encompassing Certify, Chrome River and four other expense management specialists is being united under a single brand, dubbed... KEEP READING

Expensify Adds Charitable Rewards Program to Corporate CardBy Adam Perrotta

Expensify is turning a portion of revenue it earns on purchases made with its recently released corporate payment card into charitable donations. Under... KEEP READING

IRS Lowers 2020 Mileage Reimbursement Rate

The U.S. Internal Revenue Service for 2020 has lowered the rate used to calculate the deductible costs of operating an automobile for business purposes.... KEEP READING

Survey: Companies Still Struggle to Determine Travel ROIBy Adam Perrotta

Many organizations continue to struggle to calculate the return on travel and entertainment spending, according to a new survey, even as they identify... KEEP READING

Business Travel by the Numbers

For the fourth time this year, STR downgraded its 2019 U.S. hotel forecast, and now calls this year the industry’s worst since the 2007-2009 recession,... KEEP READING

AirPlus Managing Director Diemer to Step DownBy Adam Perrotta

AirPlus managing director Patrick Diemer will leave the company at the end of this year, the company announced. He'll be replaced by Oliver Wagner, who... KEEP READING

Amex Enticing Merchants with Sign-On Bonuses to Close Acceptance GapBy Adam Perrotta

American Express is paying merchants sign-on bonuses for accepting its credit cards, the Wall Street Journal reported, in a bid to increase the... KEEP READING

ARC Fraud Monitoring Helps Secret Service Take Down Credit Card ScammersBy Adam Perrotta

A U.S. Secret Service investigation that resulted in the shutdown of a multimillion-dollar credit card fraud ring was sparked by an alert from Airlines... KEEP READING

HRS Announces Invisible Pay PlatformBy Donna M. Airoldi

Hotel solutions company HRS has launched Invisible Pay, a platform that enables advanced payment automation for hotel stays.... KEEP READING

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