During our Convention this summer, GBTA’s Nancy Tudorache caught up with Jennifer Swenson of U.S. Bank at the GBTA Broadcast Studio after she took part in an education session on virtual payments. Jennifer shared highlights from a GBTA Foundation research project conducted in partnership with U.S. Bank focusing on the benefits and barriers of virtual…
Each year, companies spend millions of dollars on travel expenditures across a number of payment methods. While corporate cards, Central Travel Accounts (CTAs) and an employee’s personal card are currently the most popular payment methods, alternatives, like virtual payments, for corporate travel are making their way onto the scene as options with less upfront control…
Today, the GBTA Foundation released a new study on virtual payment solutions sponsored by U.S. Bank. The following press release went out announcing the new report: Majority of Suppliers Accepting Virtual Payments About 20 percent of American businesses today pay for travel using cardless single-use “virtual” accounts, up from 13 percent last year, according to a…
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