Booking.com and Mastercard have joined forces to simplify B2B travel payments and improve the overall travel experience. Moreover, the partnership aims to accelerate the usage of Mastercard Virtual Cards, which can offer more flexibility, security, and convenience to travel partners.
More about the Virtual Cards
According to the company press release, Virtual Cards can help increase transaction visibility through automated reconciliation, increase the efficiency of business payments, and reduce fraud risk by 30 times compared to traditional payment cards. It also provides traceable links between bookings and payments to third-party suppliers. Moreover, it allows travel agencies and suppliers to track and reconcile payments easily while benefiting from other Virtual Card capabilities such as flexible…