CWT Offers Innovative Virtual Payment Solution to Clients
New offering powered by Conferma provides virtual cards across all GDSs
17 SEPTEMBER, 2014
Carlson Wagonlit Travel (CWT) today announced that it has added to its travel offering with the introduction of a virtual payment solution, powered by Conferma.
Part of CWT’s focus on delivering a seamless door-to-door integrated system for clients and their travelers at every step of their journey, the new virtual payment solution not only helps travelers without a company credit card, but also clients who want to settle their corporate travel centrally. Initially the solution will be used to pay for hotels and low cost carriers, and may also be offered for other content in the future.
For clients and travel managers, this means automated reconciliation of charges for improved accuracy, greater visibility into total cost of travel, increased efficiency and better program compliance, while travelers benefit from a simplified expense management process and less reliance on their personal credit cards for business expenditure.
Nick Vournakis, senior vice president, Global Marketing, CWT, said, “Clients are looking to CWT to manage payments for all their travel, across all market segments, online and offline. This solution enables us to meet even more of their needs, and we look forward to implementing this innovative product with our clients.”
CWT’s virtual credit card solution works across all GDS platforms, and depending on which country a customer is based, can be offered via CWT’s or the client’s specific card provider.
“At Conferma, we pride ourselves on being at the forefront of innovation in universal payment technologies,” commented Simon Barker, CEO, Conferma. “CWT has embraced our innovation and customized it around their world-renowned and flexible corporate solutions. We are confident that Conferma’s technologies, combined with CWT’s global reach and customer service ethic, will set a new, industry-leading standard in payment and data solutions.”
CWT is a global leader specialized in managing business travel and meetings and events. CWT serves companies, government institutions and non-governmental organizations of all sizes in more than 150 countries and territories. By leveraging both the expertise of its people and leading-edge technology, CWT helps clients derive the greatest value from their travel program in terms of savings, service, security and sustainability. The company is also committed to providing best-in-class service and assistance to travelers. In 2013, sales volume for wholly owned operations and joint ventures totaled US$26.9 billion. As part of its commitment to responsible business, CWT is a signatory of the United Nations Global Compact Ten Principles. For more information about CWT, please visit our global website at www.carlsonwagonlit.com. Follow us on Twitter @CarlsonWagonlit.
Conferma is an expert in Virtual Card Number (VCN) technology for the settlement and reconciliation of corporate travel bookings. Conferma’s VCN technologies enhance operational efficiencies and drive cost savings, whilst providing tighter payment controls and offering detailed and accurate data on corporate travel expenditure. Conferma first launched its payment platform in 2004 and is privately owned.