New B2B Payment System Set to Boost Corporate Travel Industry

PYMNTS.com – Electronic payment solutions provider CSI globalVCard recently announced the launch of a new B2B payment system. Called globalVCard travel, the innovation is designed to alleviate many of the corporate travel industry’s biggest pain points, according to a company press release.

The pain points include noncompliance with travel policies, the high cost of fraud, and the burdensome manual task of reconciling travel expense data.

One of the specific issues the payment system deals with is compliance, according to the release. With the new system, only authorized purchases can be booked and paid for, and no unauthorized upgrades can be hidden in expense reports.

Read the article on PYMNTS.com.