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April 25, 2017

Amadeus partners with U.S. Bank to offer virtual cards for B2B payments

By Patrick Brusnahan

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.

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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.

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.”

At present, Amadeus B2B Wallet is being launched to select travel agencies in the US, with wider availability to follow in the coming months.

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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