Traditional credit cards have been used for more than half a century. Accompanied with risks and inefficiencies these cards can be problematic. With virtual payments, companies can pay for their travel centrally and achieve greater flexibility.
Requiring no physical plastic, virtual payments use a unique ID, making it both easier to identify and track a transaction. This report explores the phenomenon of virtual payments in corporate travel, and uncovers the myriad of benefits for companies including an offshore drilling company that overcame challenges of fraud and security with this digital process.
Do you think virtual payment might be for you? This paper will shine some light on your travel program, and what next steps you will need to take.