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Virtual Credit Cards for Travel
Virtual credit cards are the new buzz in the travel industry(in fact, their usage increased 13% from 2014 to 2015*), which is exciting when you consider the positive impact they can haveon your business.
But before we get into the nitty gritty, let’s take a look at what a virtual credit card for travel is –
A virtual credit card number is a unique, 16-digit number tied to a single travel transaction and issued for a specific dollar amount. It can be used to pay travel vendors, such as hotels, car rentals and airlines. They are designed to be an alternative to T&E cards, ghost cards or central travel accounts, and can be used anywhere credit cards are accepted.
This allows travel managersto reduce fraud, improve policy compliance, manage non-cardholders and more. Plus, it’s beneficial for the travelers, too. They now have fewer expenses to report and their personal liability is reduced. And this is just the beginning!
To learn more about how virtual credit cards for travel workand the benefits they can have on your organization, download our whitepaper, The Ins & Outs of Virtual Credit Cards for Travel!