Three big challenges emerge when business travelers pay on-the-road expenses via a traditional corporate credit card or a business travel account (BTA):
- Greater opportunities for fraudsters
- A frustrating lack of payment options for infrequent travelers
- Inconsistent reporting linked to manual data-matching processes
Virtual credit cards offer an intriguing solution to these problems, as this infographic from BCD Travel’s Research & Intelligence division shows. They reduce the risk of fraud because a virtual credit card number is generated electronically for a particular amount and time window. They’re only valid for a single purchase. And by combining a virtual credit card with virtual payment automation, you can capture spend data accurately and automatically.
The infographic walks you through the five steps to virtual payment automation. Want to know more? Read BCD Travel’s latest paper, A Virtual (Payment) Reality.
Ask your account manager whether virtual payment automatic and virtual credit cards can help your corporate travel program reduce fraud, gain efficiency and reduce hassles for travelers.
