For years, offline and online travel agencies alike have labored with inefficient payment processes to settle with travel suppliers. Challenges such as poor cash flow management, fraud and manual reconciliation harm productivity and efficiency. Now two industry leaders are partnering to deliver financial technology innovation that offers relief from reconciliation headaches and other business-to-business payment hassles.
U.S. Bank, America’s third largest commercial bank card issuer, and Amadeus, a leading provider of advanced technology for the global travel industry, have entered a strategic alliance through which Amadeus will offer the bank’s virtual payment technology to its U.S. travel agency subscribers.
