Sabre Corporation announced the integration of Sabre Virtual Payments, an industry-leading payment and settlement integration tool, into GetThere, its corporate online booking system. The integration of virtual payments at the point of sale will help travel management companies and corporate travel departments improve efficiency, compliance and security.
The automated solution assigns a single-use, unique virtual credit card number to an individual hotel reservation. Travel policies are preset at the employee or contractor level and attached to the booking, so the Virtual Card Number (VCN) can only be used to pay for predetermined expenditures and with preset spending limits. Upon completion of a traveler’s trip, automated matching of the booking to payment eliminates the need for manual reconciliation and settlement of hotel travel expenses. Airfare expense reconciliation and settlement capabilities will be added in the coming months.
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