Sabre Corporation and Visa have announced a partnership that will see travel buyers and suppliers able to pay and get paid with virtual Visa commercial cards through the Sabre Virtual Payments solution.
Mutual customers of both companies can access Visa’s virtual B2B payment solutions, which the firms say enable faster, more secure payment options as well as more control and visibility into individual transactions.
Sabre Travel Network president Wade Jones commented: “Bringing together Visa’s leadership position in digital B2B payments with Sabre’s virtual payment technology and global network of customers represents a tremendous opportunity to increase the adoption of B2B virtual payments in the travel industry. Sabre’s investment in virtual payments and its integration into existing agency processes makes it quick and easy for customers to adopt and use.”
Kevin Phalen, global head of Visa Business Solutions, added: “Supporting the expansion of electronic B2B payments in the travel industry is one of our core focus areas. By bringing together Visa and Sabre’s travel-industry capabilities and solutions, we will help further streamline cash flow and overall finance management practices for suppliers and buyers, helping remove barriers to transparency in business payments created by paper-based processes.”
Recent research by the Global Business Travel Association: formerly the NBTA (National Business Travel Association) and renamed in February 2011. It provides its members (business travel management professionals) with educa... found two in three corporate travel programmes had been affected by data breaches in the past year, with buyers saying they viewed virtual cards as a tool they can use to prevent fraud.