WorldVC 

Payments to WTI will be facilitated through a weekly ACH draw, reflecting the booking totals from the previous week. To reconcile any variances between booking and transaction activity, a monthly true-up will be conducted. Detailed backup reports for each ACH draw will be furnished by World Travel's finance team.

Not if you chose the funding model with World Travel, Inc.  There is also an option to establish a direct relationship with US Bank for WorldVC. 

WorldVC automates payment processes, reducing reliance on traditional expense methods. It offers detailed reconciliation reports, ensuring transparent and efficient financial tracking.

US Bank integrates with many ERP such as Workday, Oracle and Certify.  However, note that matching receipts to transactions is not supported for FBO through World Travel offering.

There is a one-time $3,000 implementation fee, and a $4.00 transaction fee each time a virtual card is modified at the point of sale. 

A start-up deposit is required prior to deployment of WorldVC to cover one month’s worth of hotel spend. The deposit is due by ACH payment 5 days from the signature of the SOW.

WorldVC eliminates the need for personal cards, reducing the risk of unauthorized expenses. Additionally, its customized tolerances and spend limits enhance control and security.

Prior to implementation, clients are required to sign a statement of work and an ACH authorization form as part of the necessary legal documentation.

WorldVC automates payment for hotel reservations, streamlining the booking process and reducing the administrative burden on travel managers.

Yes, there is an optional program designed specifically to fund hotel stays for guest travel. World Travel is currently inviting accounts to participate in the beta for this program. Travel managers can reach out to their account manager for more details and enrollment information.

WorldVC is designed to be versatile and can be used at a wide range of hotels, including major chains and boutique establishments, providing flexibility for diverse travel needs.

The standard implementation process takes approximately four weeks from the signing of the statement of work. You can initiate implementation when ready.

Travelers can contact their dedicated agent team for assistance. A link on their itinerary allows for easy access to resend fax functionality or to view card details if needed.

No, WorldVC cards are only valid for the cardholder’s travel reservations. Funding is added to the traveler’s WorldVC card for the hotel stay booked through World Travel.

There is an optional application specifically created to fund hotel stays for guest travel. Travel managers can contact their account manager to learn more about this option.

Currently, WorldVC is designed for hotel transactions. However, it plans to expand coverage to include air travel, car services, restaurants, and various hotel vendors by Q3 2024.