Business travellers are not using corporate cards that fail to limit expenditure

Published on : Tuesday, October 31, 2017

 Total Cost of Ownership – Payment SolutionsThe business travellers are not savvy in giving the business travel expenses from corporate credit cards.

 

 

While the fully digital solutions, such as Apple Pay and Android Pay, have been developed, they’re still used by only a small amount of business travellers. There are the lion’s proportion of business travellers, who are not using this.

 

According to the Global Business Travel Association Foundation about 137 U.S. travel managers earlier this year about their company policy on tour expenses for their Total Cost of Ownership – Payment Solutions report.

 

 

The corporate cards are, of course, widely used. It is about 94 percent of large companies and 84 percent of small- to mid-size companies allow them. Many travelers still pay their travel costs upfront, however with 55 percent of companies allowing customers to use their personal cards or cash.

 

 

The persistence of non-corporate methods like cash, supplier invoices, personal cards or company cash advances may reflect the prevalence of infrequent and non-employee travel  said Monica Sanchez, director of research for the GBTA Foundation.

 

 

This is difficult for organizations trying to limit spending on the travel and other expenses.

 

 

 

There are many in corporate travel tout virtual cards as a solution for dealing with fraud, and retaining visibility into spending as it happens.

 

 

 

Instead of the solutions which have been adopted more often on the back-of-the-house payments end than the creation of solutions to ease this pain point for travelers themselves.

 

 

Tags: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 imexamerica 2018
  • 06 THSA 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 Digital Travel Summit EU 2018
  • 10 ITE-HCMC 2018
  • 12 Traveldaily 18
  • 13 aite 2018
  • 14 TravelDaily 18
  • 15 TravelDaily TDC 18
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com