Virtual payments are becoming increasingly popular for business travel, with virtual cards used to facilitate better hotel expense management, such as settling hotel bills and other expenditures. In such a scenario, payments are made directly from the employer’s bank — eliminating the need for employees to pay first and then request reimbursements later on. SuchRead more
Virtual cards for business travel provide benefits for both Travelers and finance team members working on expenses and overall spend management. Virtual cards are nothing new. They’ve been around for years, but they may finally be gaining the spotlight from traditional corporate cards at a time when more and more corporate employees are working acrossRead more
Virtual payment is a safer option for today’s Travelers because it limits the spread of COVID-19, but the use of non-existent credit cards was growing in popularity even before the pandemic. What are virtual payments for business travel? They are payments made using virtual credit cards (VCCs), which are cards that don’t actually exist. VCCsRead more
The use of business travel virtual payments remains relatively low, but this form of payment will grow in the future due to its many benefits. Business travel virtual payments are made with credit cards that don’t actually exist. A virtual credit card (VCC) has a number, a card verification value (CVV) and an expiration date,Read more
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