U.S. Bank has signed a strategic partnership with travel management services provider Adelman Travel under which Adelman will offer the bank’s corporate payment products to corporate payment clients.
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As part of the deal, the bank’s payment tools will be integrated with Adelman’s booking and back-office solutions.
This will help mutual clients to gain access to Adelman’s managed travel solutions and the bank’s payment products such as corporate cards, purchasing cards, central billing accounts, e-payables as well as single-use virtual cards.
The deal will also enable joint clients to leverage the bank’s virtual payment solution with no additional fees.
Further, the U.S. Bank virtual card spend will be incorporated into a company’s entire card program spend, which is expected to lead to increased rebate earnings.
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By GlobalDataAdelman Travel president and COO Steve Cline said: "Now Adelman’s customers have one complete global corporate payment solution, backed by one of the world’s leading financial institutions.
"This allows our corporate clients to gain a clear picture of their entire spend and maximize their rebate earnings while reducing their travel management program fees. Integrating travel, expense, and now credit card data meets our company’s mission to successfully manage the complete data cycle and help organizations promote tighter enforcement of travel policies."
