U.S. Bank, a commercial bank card issuer, and Amadeus, a technology provider for the travel industry, have signed an agreement, whereby Amadeus will offer the bank’s virtual payment technology to its travel agency subscribers in the US.
Tapping the strength of the collaboration, Amadeus will roll out MasterCard-branded Amadeus B2B Wallet in the US, a new virtual card solution that allows its US travel agency customers to save time, boost efficiency and improve their bottom lines.
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The clients of travel agency will be able to pay for flights, lodging, car rental and rail using their MasterCard-branded virtual card.
Amadeus noted that virtual cards will help improve cash flow, decrease fraud risk, improve revenue share earned per transaction, reduce the time spent reconciling payment invoices with booking files, and enable better control of travel spending.
U.S. Bank Corporate Payment Systems head of strategy, specialty verticals and partnerships Nicole Tackett said: “Partnering with Amadeus to advance their leading travel technology offering is a compelling opportunity for U.S. Bank.
“Integrating with one of the largest travel distribution systems in the world allows us to enhance our offering to the travel and hospitality industry and bring exceptional new capabilities to Amadeus customers.”
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By GlobalDataAt present, Amadeus B2B Wallet is being launched to select travel agencies in the US, with wider availability to follow in the coming months.
