Sabre, a travel technology provider, has teamed up with eNett International, an Australia-based payments provider, to offer a virtual card solution for its clients’ credit lines.
Under the partnership, eNett will act as a central bank with which Sabre clients can set up prefunded accounts, Sabre travel network director of product marketing Michael Pape told Business Travel News (BTN).
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The new prefunded solution aims to target small or midsize businesses and agencies that have limited access to credit.
Pape added that Sabre’s existing Virtual Payment solution uses a corporation or travel agency’s credit and banking relationships to issue a one-time-use, 16-digit, virtual card number.
He told BTN: "The difference is in the funding mechanism. Through prefund, it’s done through one banking channel and through credit, we connect to any bank our customers need us to connect to."
"In prefund, we’re opening up a whole new set of potential customers: those who choose not to use credit or can’t. In the prefunding scenario, they simply put funds via bank transfer in this account, and off they go," Pape added.
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By GlobalDataAdditionally, Conferma will act as a technology partner for Sabre Virtual Payment’s credit-based transactions as well as prefunded transactions. The new solution will also work for trips organized via corporate travel booking tool GetThere.
