The addition of virtual account numbers to its Business Travel Account (BTA) “gives companies greater control and more visibility into their business travel expenses,” the company notes.
Working with virtual account number specialist Conferma, American Express said the enhanced BTA enables businesses to set usage dates and pre-authorize spending limits at the time of booking, helping reduce fraud and encourage compliance with company travel policies. It also provides options for more types of business travelers, including large groups, employees who do not have corporate cards and non-employees, such as job applicants and consultants, according to an announcement.
“We understand that corporate travel is a major expense for many companies and can be a time-consuming and difficult process to manage,” said Gint Balodis, vice president, global product management, American Express global commercial payments. “Our improvements in the enhanced Business Travel Account further centralize control into one account, making the process of purchasing, tracking and reconciling travel expenses easier than in the past.”
The enhanced BTA is now available in the U.S., Australia and the U.K.
About Conferma Pay
Conferma Pay is a global financial technology company. We design and integrate virtual payment systems that provides a more efficient, seamless and secure way to pay for for businesses.
Travel Meets Payment
Conferma Pay was born in Manchester in 2005. Since then we have connected over 700 TMCs, and directly integrate with all the major GDSs and OBTs. Our roots lie in corporate travel payment integration.
We enable our payment providers to flow virtual cards into the preferred purchasing process of any business travel buyer. Crucial to this is our network of banking partners, who have issued virtual cards in over 200 countries, in 40 currencies with over 45 commercial banking partners via all major card networks.
Our ecosystem continues to expand to meet the growing requirements of our global customer base.