Virtual payments provide travelers with a simple and secure solution to alleviate the stress that comes with a corporate card, offers the heath safety of a touchless payment option and provides the expense data you need to effectively manage your travel program.
World Travel, Inc. offers virtual card solutions to improve your travel program. Depending on your banking provider, Global Distribution System, and expense platform we can tailor a virtual payment program to help you achieve your goals. Our team of payment experts are able to help assess your program and determine the best option for you, and your travelers.
Virtual cards offer a multitude of benefits to your travel program, from improving accounts payable (AP) processes, to streamlining day-to-day payments, and providing greater control over cash flows. If you’re looking to reduce fraud, replace the need for personal or corporate cards, automate direct billing procedures, or eliminate reconciliation headaches, virtual payments solutions can help you achieve your goals. Still not sure if virtual payment is right for you? Check out these statistics below.
Virtual card usage surpassed $1 trillion in the year 2022. An increase of more than $568 million from 2019.
Business use of virtual cards is expected to grow by 90 percent over the next few years