Association of Travel Management Companies’ Post

✈️ Transform Corporate Travel Payments with Travel Clearing Managing corporate travel payments doesn’t have to be a juggling act. At Travel Clearing, we simplify and streamline your corporate travel program with a powerful centralized solution that combines Virtual Cards and eVouchers, tailored for both global and Nordic transactions. 💼 The Power of Centralized Travel Payments Bring all your corporate travel expenses into a single, efficient process: Granular Reporting with Level 3 Data: Access enriched transaction data, including booking specifics and cost centers, for actionable spending insights. Strong TMC Partnerships: We partner with leading TMCs to integrate seamlessly into your processes, ensuring continuity and compliance. Policy Compliance Made Easy: Our embedded payment solutions help employees stay aligned with your company’s travel policies. 🌍 Global Reach, Local Precision Global Payments with Virtual Cards: Enable secure, traceable payments for international travel needs, including hotels, car rentals, trains, and taxis—with unmatched visibility and reduced fraud risk. Nordic Simplicity with eVouchers: Simplify local transactions in the Nordics with direct eVoucher payments linked to Travel Accounts, minimizing administrative complexity. 📊 Why Choose Travel Clearing? Unmatched Transparency: Enrich each transaction with Level 3 data for a clear view of spending and better decision-making. Automated Reconciliation: Eliminate manual tasks with payments that match booking records automatically. Better Employee Experience: Eliminate out-of-pocket expenses and complex reimbursement processes, so employees can focus on what matters. 🛠️ How It Works 1️⃣ Booking: Employees book travel through your TMC, ensuring seamless compliance. 2️⃣ Payment: Our system intelligently selects the optimal payment method—Virtual Cards or eVouchers—based on the transaction type and location. 3️⃣ Reconciliation: Enriched payment data syncs automatically, offering your finance team detailed insights without the manual workload. 📈 The Result? A centralized payment solution that: Saves time by automating processes. Reduces costs and fraud through secure, transparent payments. Empowers employees with hassle-free, compliant payment options. 💡 What’s your biggest travel payment challenge? With us, payments don’t just get simpler—they work smarter for you. Let’s start a conversation about transforming your travel expense management. 👉 Ready to simplify your corporate travel payments? Ask your TMC about Travel Clearing or contact us today to learn more. #businesstravel #TMCpartner #CorporateTravel #eVouchers #VirtualCards #Level3Data #TravelClearing

Adoption of virtual card solutions is on the rise and projected to continue to grow, including spend on virtual cards used for corporate travel. Interesting insights I wanted to share. #brilliantlyboring #pncbank #commercialcard

📰𝐇𝐨𝐰 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐢𝐬 𝐭𝐡𝐞 𝐭𝐫𝐚𝐯𝐞𝐥 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐟𝐨𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐰𝐚𝐥𝐥𝐞𝐭𝐬? Digital wallets are fast becoming an integral part of our everyday lives, from making quick payments to storing tickets and boarding passes. According to PYMNTS, 74% of travelers consider digital wallets essential for the journey. Wealthy travelers have an 83% preference for transactions using digital wallets, and millennials have an 82% preference. In travel, the benefits and convenience of digital wallets go beyond direct spending. Source: phocuswire.com Read full article ⤵️ #payments #businesstravel #corporatetravel NATM | Netherlands Association for Travel Management

In today's digital world, staying connected is more than just a convenience—it's a necessity, especially for business travelers. At Freetown International Airport, you can avoid this common travel pitfall by purchasing a local SIM card upon arrival. This simple move can make your stay in Sierra Leone much smoother, ensuring you stay connected to your team, clients, and loved ones without breaking the bank. 1. Say Goodbye to Expensive Roaming Fees Roaming charges can quickly escalate and catch you off guard, especially if you’re traveling for an extended period or need to frequently use mobile data for work. By purchasing a local SIM card as soon as you land at Freetown International Airport, you’ll immediately eliminate the risk of these charges. Local SIM cards are affordable and come with competitive rates for voice, data, and messaging, so you can stay connected without worrying about exorbitant fees. 2. Seamless Connectivity for Business Travelers If you're visiting Sierra Leone for business, staying in touch with your team and clients is essential. A local SIM card gives you reliable, high-speed internet access, enabling you to send emails, join video calls, and collaborate with colleagues without interruption. 3. Quick and Easy Setup at the Airport One of the biggest advantages of buying a local SIM card at the airport is the convenience. The process is quick and straightforward—no need to worry about searching for a mobile service provider after you leave the airport. With a local SIM card in hand, you can start using your phone for calls, messages, and data within minutes of arrival. 4. Cost-Effective Data and Voice Plans In addition to avoiding roaming fees, local SIM cards in Sierra Leone come with highly cost-effective data and voice plans. These plans offer great value compared to international roaming, ensuring that you stay within your budget while maintaining full access to mobile services. 5. Enhance Your Travel Experience Staying connected isn’t just about work—it’s also about enhancing your overall travel experience. Having a local SIM card allows you to use navigation apps, book local transportation, and stay updated on local events and activities. You can easily explore Sierra Leone with confidence, knowing you’ll have access to maps, guides, and local services at your fingertips. 6. Easy Top-Ups and Local Support Running out of credit or data? No problem. Local SIM cards come with the convenience of easy top-ups. Whether you prefer using an app, visiting a nearby shop, or simply stopping by one of the many kiosks around Freetown, adding more data or credit to your SIM card is hassle-free. Next time you land at Freetown International Airport, make sure your first stop is to pick up a local SIM card. With this simple step, you’ll enjoy worry-free communication, affordable rates, and seamless service across Sierra Leone. #FreetownAirport #SierraLeoneBusiness #BusinessCommunication

That's because for Navan, integrating payments into its existing corporate travel booking tool has the potential to both attract new clients and maintain its existing client base by offering businesses a single, cohesive solution for managing both travel and payments, eliminating the need to juggle multiple platforms

📈 For #ticketing and #payment firms, integrated mobility solutions represent an opportunity to extend beyond the transactional nature of buying a ticket. It’s a chance to play a pivotal role in the entire travel chain, from planning to payment to post-journey events. By adopting MaaS principles, these companies can evolve to become architects of experience, offering tailored travel itineraries that seamlessly integrate with local transit systems, payment wallets, and loyalty programs. Incorporating comprehensive digital journey planning into their systems allows these companies to offer packages that can include dynamic pricing, real-time updates, multimodal travel options, and even predictive analytics to suggest the best routes and times to #travel. For the end-user, this equates to a hassle-free, cost-effective, and efficient travel experience that can adapt to unexpected changes or preferences as they occur. Read more here https://lnkd.in/dQTVqpbu

Despite the rapid advances in #technology over the past few years, the area of payment continues to pose challenges for many travel industry suppliers. One of Phocuswright’s latest reports, The State of Global Travel Payments, addresses these local payment challenges, highlighting how fragmented processes and legacy technologies are contributing to the complexity for hospitality businesses and impacting their adoption. So where do the opportunities for improvement lie? Mobile payments, cross-border payment solutions and #artificialintelligence are among the key areas of focus for the future if our industry wants to reduce costs and improve the guest experience. https://lnkd.in/e6-gn9-W #hotelindustry #travelindustry #hoteltechnology #traveltechnology #payments #traveltech #hoteltech

After unlocking $273,000+ free travel w/ points.. Here're 5 credit card "secrets" that'll save you $1000s. (9 of 10 ppl I talk to don't know No. 3) 𝟭/ 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗼𝘄𝗻 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝘀𝗮𝗺𝗲 𝗰𝗮𝗿𝗱𝘀/𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀 Eg: You can own 2x Chase Sapphire Reserve, 3x Capital One Venture X, 4x Chase Freedom Unlimited, etc. Why is this important? → You could get multiple sign-up bonuses for the same card every 2-4 years (only for some cards, read T&C) → You can downgrade to the same no-fee card (see No. 2) 𝟮/ 𝗗𝗼𝘄𝗻𝗴𝗿𝗮𝗱𝗲, 𝗱𝗼𝗻'𝘁 𝗰𝗮𝗻𝗰𝗲𝗹 (𝗶𝗳 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲) Eg: Say I have a Chase Freedom Unlimited (CFU) & Chase Sapphire Reserve (CSR). I got the 75k CSR bonus, used it for a year, and no longer enjoy its benefits. I can downgrade the CSR to a no-fee card like the CFU. (Even if I already have a CFU) This way, you: → Skip the $550 annual fee next year → Avoid card cancellation (bad for credit score) → Are eligible for another CSR bonus in 3 years 𝟯/ 𝗔𝘀𝗸 𝗳𝗼𝗿 𝗮 𝗿𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗯𝗼𝗻𝘂𝘀 Credit card companies want to retain customers. So they'll sometimes offer retention bonuses. (In form of cashback, points, or waiving/lowering fee) Every year, I call Amex to ask for a retention bonus to keep my Amex Plat. Need a script? "Hey I'm thinking of cancelling this card. Do you have any retention offers available?" For the $695 fee card, I've gotten: → $400 cashback → 15k points → 20k points Not bad for a card I'm already getting $3,000+ value from! 𝗡𝗢𝗧𝗘: This is more common w/ premium high-fee cards. 𝟰/ 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝘁𝗼 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 (& 𝘀𝗸𝗶𝗽 𝘁𝗵𝗲 𝘁𝗿𝗮𝘃𝗲𝗹 𝗽𝗼𝗿𝘁𝗮𝗹) In ~95% cases, you'll get a higher redemption value if you transfer directly to travel partners. If you have flex pts (Chase/Amex/CapOne/BILT/Citi), it's usually best to transfer directly to partners. You get better redemption values, but you also get better perks that work toward your status (for hotels). Best tool to look up travel partners for each flex point? (I'll drop a link in comments) 𝗡𝗢𝗧𝗘: Of course, there are exceptions. That's why I said ~95%. 𝟱/ 𝗖𝗮𝘀𝗵𝗯𝗮𝗰𝗸 𝘀𝘂𝗰𝗸𝘀 If you've read this far, you probably already know this. But just in case.. I said it. Of course, if you don't like to travel, then cashback is the next best option I suppose! What else would you add? ~~~ Enjoyed this? Consider sharing it with your network ♻️ & following me Julian Fung for more in the future. Wanna unlock $1000s in free travel? Download my free eBook to learn how I did 30 Days in Europe Under $300 here: https://lnkd.in/eMmDubQD

The travel sector is evolving, and digital engagement is crucial for success. Gen Z is leading the demand for seamless digital experiences by pushing the need for Payment Process Optimisation which is vital for a seamless digital experience. At Checkout.com, we specialize in empowering travel businesses with advanced payment solutions. Our services enhance user experiences, reduce friction, and boost conversions. Stay ahead of the curve and partner with us to cater to today's digital-savvy travelers. Maximize your revenue potential with our innovative payment solutions! #DigitalTransformation #TravelIndustry #Innovation #CustomerExperience Read the full article from PYMNTS here: https://lnkd.in/gqqBvsC5

Brex and Navan Join Forces to Launch Business Travel and Payments Solution Brex and Navan have teamed up to launch BrexPay for Navan, a business travel and payments solution that combines Brex’s global payments infrastructure with Navan’s travel-booking system. The new tool leverages Navan Connect and Brex Embedded, and will allow companies to use their existing payment cards while benefitting from automated receipts and reconciliation. This partnership will offer Navan a competitive edge by creating a scalable travel program with local currency cards and a seamless payments integration. Corporate card and expense management fintech Brex has partnered with travel and expense solution Navan to launch a joint offering. The new product, BrexPay for Navan, is an integrated business travel and payments solution for Navan users that streamlines travel payments into a single workflow when using the Navan travel management system. The new tool taps Navan Connect, a card-link technology that allows companies to use their existing payment cards and banking relationships, and Brex’s embedded finance tool, Brex Embedded. The result of the collaboration is a direct integration between Brex’s global payments infrastructure and Navan’s travel-booking infrastructure. The new tools offer Navan’s business clients higher limits than legacy cards and local currency cards across more than 50 countries, a scalable travel program that facilitates compliance and helps reduce costs, and automated receipts and reconciliation that saves companies hours of accounting time each month. “With BrexPay for Navan, we are bringing something truly unique and monumental to the market,” said Brex CEO Pedro Franceschi. “By combining Brex’s fast onboarding, global acceptance, and homegrown financial stack with Navan’s end-to-end business travel offering into one solution, customers now have access to a payments and travel experience that is beyond any other corporate travel and payments solution.” For Navan, integrating payments into its existing corporate travel booking tool has the potential to both attract new clients and maintain its existing client base. That’s because for Navan, integrating payments into its existing corporate travel booking tool has the potential to both attract new clients and maintain its existing client base by offering businesses a single, cohesive solution for managing both travel and payments, eliminating the need to juggle multiple platforms. By combining Brex’s multi-faceted financial infrastructure with Navan’s travel management system, companies benefit from higher credit limits, local currency options, and automated reconciliation, making it easier to scale travel programs globally while saving time and reducing costs. The move not only simplifies operations, but also enhances the overall user experience, giving Navan a competitive edge in a market that values efficiency and innovation. Brex was founded in 2017 to create a digital-first...