Categories: Special ReportTechnologyExpense Management

The Big Story: Future Tense — Payment Solutions

Today’s expense technology is transforming travel processes from beginning to end
Technology marches inexorably onward, and for corporate travel and expense programs, that march is increasingly away from physical plastic cards and toward virtual forms of payment. Virtual cards – card numbers generated for specific limited uses – are gaining traction but so far mostly for applications such as non-employee travel or one-off payments.

While travel programs still haven’t eliminated plastic cards entirely from the expense ecosystem, larger trends are now converging – namely mobile adoption, connectedness and artificial intelligence – which are poised to further disrupt and transform the T&E space.

“Trends show virtual cards are quickly set to become just as relevant as physical credit cards,” says Bradley Matthews, senior vice president for U.S. Bank Corporate Payment Systems. “If we stopped there, however, we’d miss a significant opportunity to re-envision the end-to-end experience.”

The innovative ways in which technology changes corporate travel payments won’t end with virtual cards, Matthews explains, noting that mobile payments continue to experience tremendous growth, with more than half of merchants in the US accepting them.

Expense Management


Technology

RELATED

Full Access to premium content subscribers only. Please login below or register HERE

Forgot Password?

Not registered yet?

Category Search

FREE Subscription

My Image
Thank you! Your submission was successfully sent :-)×
Opps! Some went wrong... Your submission did not go through :-(×

Contact Us

Publishing Office:
Eleven Ryerson Place #201
Pompton Plains, NJ 07444
973-839-6200
JAllison@askbte.com

Contact Us

Editorial Office:
5768 Remington Drive
Winston-Salem, NC 27104
336-766-1961
DBooth@askbte.com

Business Travel Logo

Contact Us

Subscription Services:
P.O. Box 542
Pompton Plains, NJ 07444
973-839-0620
subscriptions@askbte.com

NY Medical Nutrition
Back To Top