NewsTravel Management CompaniesTechnology, All Air Travel Association News Corporate Cards &       Payment Systems Data Management Distribution &    Booking Tools Duty Of Care &       Risk Management Expense Management Going Global Ground Transportation Industry Interview Lodging Managed Travel ROI Managing Travel       Programs Meetings & SMM Technology Travel Buyers       Think Tank Travel Management       Companies Trends & Insights Two Cents, Three Silver Star Court Unit 1Vernon, NJ 07462973-839-6200JAllison@askbte.com, 5768 Remington DriveWinston-Salem, NC 27104336-766-1961DBooth@askbte.com, P.O. A virtual card will also host its own unique expiration date and CVC. Beyond cost savings generated from tighter controls, virtual card usage at the corporate scale can lead to greater savings through rebates. TripActions Liquid is now the first and only FinTech-powered travel and expense management offering that can support card issuance in multiple currencies through its partnership with Stripe. With smart virtual and physical cards, policies are built in to ensure responsible spending, real-time transaction visibility, and automated expense reporting for all business spend. Streamline travel payments with TripActions Liquid Travel This can be a big time saver for finance teams that are used to reconciling transactions by hand each month. In essence, Liquid by TripActions works by allowing employees to submit expenses automatically with 99% precision using the Liquid Visa card. What TripActions Liquid has brought to the Read how we use and protect your data in our privacy policy. There are many benefits that come with virtual cards, but four specific values often surface when considering the modern payment landscape: 1. It provides a unique perspective on the B2B finance landscapeand rich, actionable insights along the way. This saves time for accounting teams and leads to more data-driven spend planning and budgeting. "TripActions Liquid is a major time saver," said Vik. Trip Actions Liquid provides employees with a refreshingly easy way to pay for what they need while giving finance leaders one easy place to control, manage, and track spend. Granular policy controls, unrivaled travel inventory, and cash back on everything. The company launched a virtual card payments. NewsTravel Management CompaniesTechnology, All Air Travel Association News Corporate Cards &       Payment Systems Data Management Distribution &    Booking Tools Duty Of Care &       Risk Management Expense Management Going Global Ground Transportation Industry Interview Lodging Managed Travel ROI Managing Travel       Programs Meetings & SMM Technology Travel Buyers       Think Tank Travel Management       Companies Trends & Insights Two Cents, Three Silver Star Court Unit 1Vernon, NJ 07462973-839-6200JAllison@askbte.com, 5768 Remington DriveWinston-Salem, NC 27104336-766-1961DBooth@askbte.com, P.O. Many of TripActions customers have global reach, so its important for TripActions to bring their latest product to other regions, starting with Europe. On any given trip, that number will change numerous times ahead of the next transaction. Since the card is virtual, there is no need to re-order a physical card and wait for it to arrive. With TripActions Liquid, finance leaders can issue virtual and physical cards to remove cash flow burdens from employees. At the end of each billing cycle, finance teams get one statement with each travellers spend, making reconciliation fast and easy. Categories: cards. When employees swipe their TripActions Liquid cards, transactions are approved, flagged, or declined in real-time, at the point of purchase. Employees are no longer filing expense reports, managers arent looking at every transaction, and finance doesn't have to figure out the context of every transaction and whether it's in policy, Gandhi said. For TripActions, . Virtual cards can turn accounts payable from a cost center to a revenue generator. This benefit usually manifests in a few tacit ways. The company launched a virtual card payments product under the name TripActions Liquid today, secured by a $500 million debt facility led by Silicon Valley Bank. We use cookies to offer you a better browsing experience, analyze traffic and personalize content. Employees can use company money to securely pay for travel booked on TripActions, routine expenses, spot purchases, or recurring subscriptions. Plus, customers enjoy a competitive rebate on all spend using TripActions Liquid!*. Instead of using personal funds for travel, employees can pay with a corporate account when booking on TripActions. Trip Actions Liquid provides employees with a refreshingly easy way to pay for what they need while giving finance leaders one easy place to control, manage, and track spend. On the operational level, one major benefit to virtual cards is that the generated account numbers can be canceled or frozen instantly. The great part about working with Stripe is that they are committed to being as innovative and forward-thinking as possible, especially within the Issuing space. For rich commentary on the trending stories and research in B2B fintech, sign up for Exchange: A B2B Fintech Newsletter Powered by TripActions. TripActions Liquid is an expense and corporate card solution that eliminates the hassles of expense management while giving finance leaders real-time spend visibility and control. Q1 of 2020 saw a 37% year-over-year increase in cloud spending. There are a host of other benefits that TripActions also provides, including the complete elimination of expense management and a real-time, centralized view into all business spend. Codat, which has a smart fintech API, announced strategic investments from both PayPal Ventures and American Express Ventures. Companies are issuing subscription (for recurrent) or burner (for single-use) cards for specific vendors and dollar amounts. *TripActions Liquid cards are issued by Stripe, Fly through expenses with TripActions Liquid. Weve been able to reduce travel payment reconciliation time from weeks to minutes each month., TripActions earns new $9.2B valuation on journey to revolutionize T&E. Opportunity for rebates on transactions. Virtual cards allow companies to improve control over business spend. TripActions Liquid provides your company with real-time spend visibility and control over business spend. Since spend controls are built-in to TripActions Liquid cards and auto-enforced at the point of sale, finance leaders can prevent policy violations and distribute cards with confidence. Theres also the issue of storing user or purchaser information. "As we scoped new solutions, what stood out with TripActions Liquid was the overall user experience," said Jeselsohn. Learn more Employees are freed from time-consuming paperwork, and finance teams save hours from month-end reconciliation. After launching a successful corporate travel management platform in 2015, TripActions looked to expand offerings for its existing customersmostly large enterprises with travel payments needsand new users. "A unified travel, corporate card, and expense solution with powerful reporting capabilities, built-in policy controls, the option for virtual and physical cards; these The company partnered with Stripe to launch TripActions Liquid, its virtual and physical card programme that helps manage travel payments and expenses. NewsTravel Management CompaniesTechnology, All Air Travel Association News Corporate Cards &       Payment Systems Data Management Distribution &    Booking Tools Duty Of Care &       Risk Management Expense Management Going Global Ground Transportation Industry Interview Lodging Managed Travel ROI Managing Travel       Programs Meetings & SMM Technology Travel Buyers       Think Tank Travel Management       Companies Trends & Insights Two Cents, Three Silver Star Court Unit 1Vernon, NJ 07462973-839-6200JAllison@askbte.com, 5768 Remington DriveWinston-Salem, NC 27104336-766-1961DBooth@askbte.com, P.O. This allows customers to reverse an ACH payment they initiated through a click or an API call. It was never about giving you the one that gives us most of the commission. TripActions Liquid allows companies to issue unlimited virtual cards for travel and entertainment, light procurement, and other spending. Your submission did not go through :-(, The First Lufthansa Boeing 787 Dreamliner Lands at Newark Airport, CWT Announces Extension of Partnership With Paramount Global, U.S. Travel Association Praises Delay of Real ID Enforcement, Extended Stay Hotels Continue To See Strong Rate Gains, DOT Reports 15.6% Decrease in Air Travel Service Complaints in September. Suppliers are demanding faster access to funds. Online fraud is a growing phenomenon that can expose companies to a great deal of risk. A Smarter Card For Tracking Expenses TripActions combines smart corporate cards, expense management, and travel into one easy-to-use platform that saves businesses time and money. Sign up for Exchange: A B2B Fintech Newsletter Powered by TripActions here. "There's a world outside of America," TripActions customer Patreon senior director of financial operations Crystal Ryu said in a statement. This essentially eliminates overpayment, as the cards close themselves automatically when the account funds have been depleted, the expiration date has been reached, or after the first transaction is made. The pandemic compressed timelines for cloud adoption and forced enterprises to provide on-demand data-access and applications to remote employees in days or weeks, not months. Integrated per-transaction pricing with no hidden fees, Get up and running with Stripe in as little as 10 minutes. With a custom policy builder, admins can create spend controls and approval workflows based on role, expense category, business context, and more. Looks like we don't support this browser. Trusted by travel managers and finance teams alike, TripActions leverages real-time data Another advantage to virtual cards is the visibility and reconciliation facilitated through the technology. But no other modern expense solution has interleaved everything together and filed the patents to eliminate the process of expenses. TripActions was always about choice, so if you look at the travel platform we connect to hotels directly sometimes, we have our own hotels program, we connect to a corporates program, and then we connect to OTAs like Expedia, Priceline, said TripActions CEO Ariel Cohen. Companies can now issue a physical Visa credit card to their travelers for use booking travel on TripActions and for spending on the road, easing the burden on travelers own finances while giving travel managers real-time information on what their travelers are doing. TripActions Launches TripActions Liquid, a Virtual Card Product, TripActions, the travel management technology company, has launched TripActions Liquid, a virtual card product that it calls a first of its kind, end-to-end global corporate travel management and payment solution. It will, according to an announcement, revolutionize the travel payments space., Thank you! A 1% kickback on $1M of spend, for example, injects $10,000 right back into the business. The technology can then provide automatic categorization and receipt-matching which allows for automatic reconciliation, a huge burden removed from AP teams. Call one of our local or toll-free numbers to be connected with a cardholder support agent. Box 542Pompton Plains, NJ 07444973-839-0620subscriptions@askbte.com. Authorized spend is automatically submitted and reconciled to eliminate manual expense reports. TripActions Liquid allows finance teams to manage spend requests and approvals in one place. It also automates expense reports so you can get rid of Expensify, forever. Once employees submit a request through the TripActions Liquid mobile or web app, approvers can review requests, edit card limits, and issue cards in the same tool, leading to a seamless experience bracketed with spend control. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Tags: corporate travel, ctir, tripactions, virtual cards, Photo credit: An example of the new TripActions credit card in use at a coffee shop. Instead of using personal funds for travel, employees can pay with a corporate account when booking on TripActions. You can usually set a maximum charge amount for the virtual number and the date on which it expires. TripActions earns new $9.2B valuation on journey to revolutionize T&E. Once employees submit a request through the TripActions Liquid mobile app or web app, approvers can review requests, edit card limits, and issue cards in the same tool, leading to a seamless experience while ensuring spend control. TripActions Liquid: One Tool to Manage Travel and Business Spend Tying each of these benefits together presents the unique suite of technologies that TripActions Liquid delivers. Virtual cards have been used in the hospitality industry for over two decades, and lowering the barrier to entry for this payment method may be as simple as educating suppliers on the full value that virtual cards can bring. Virtual cards can also provide a unique number for each transaction and enhanced transaction data. More Technology Related Innovate Faceoff Notebook: Troop Tops, TripBam People's Choice Trip Actions Liquid is an expense and corporate card solution that eliminates the hassles of expense management while giving finance leaders real-time spend visibility and control. Start integrating Stripes products and tools. Indonesian payments infrastructure startup Xendit raised a $65M Series B led by Accel. +1 (888) 505 TRIP (8747), Say goodbye to expense management with smart corporate cards. This opens the possibility for the information to be exposed to hackers. Program terms and conditions apply. Some tools have created convenient ways to capture receipts; others have added basic virtual cards to their solution. Do you accept cookies? Companies that use TripActions Liquid cards are eligible to receive a competitive cash rebate on all spend, including travel bookings paid with TripActions Liquid Travel and all business spend paid with TripActions Liquid virtual and physical cards. Modern virtual cards have a host of benefits which are especially relevant for spot purchasing and travel and expense (T&E). Redefining the business travel experience, All-in-one solution for travel, expense, and corporate cards, Achieve traveller satisfaction levels like never seen before, Build a sustainable business travel programme with TripActions, Gain spend visibility, control and insights to drive real savings, Gain visibility and control to manage spend efficiently, Manage all your corporate travel, all in one place, Ensure your business can respond quickly and smartly to changing conditions, Unrivaled inventory, with the choices travelers want, Latest customer stats, security and compliance information, Reduce travel programme spend and control costs, Take travel experience, visibility and savings to new heights, Delight employees with a best-in-class travel experience, Experience fast and easy travel booking, from anywhere, Centralized travel management for visibility and traveler safety, Global travel management with tech, inventory and travel agents at scale, All-in-one solution for total spend visibility and control, Built-in controls to drive responsible spending, Easy expense management for out-of-pocket expenses, Company cards to control spend and eliminate expense management, Streamline payments from reservation through reconciliation, Get to know the TripActions Leadership team, TripActions partners streamline business processes, Read how TripActions is becoming the default for business travel, Learn how TripActions is reimagining business travel, Check out our top posts for travel management, The path to modern corporate travel management, Contact us Zobacz wicej. A Juniper Research report estimates that businesses' annual value of virtual cards will exceed $1 trillion by the end of 2022. With physical and virtual . TripActions is offering the feature in 27 currencies and in 50 countries, which it is claiming as the largest level of currency support for rapid reimbursements. "Expense reports are a thing of the past. Roughly 72% of those expenses are placed on physical cards by superintendents, project managers, and project engineers in the field, while the remaining 28%, like software, utilities on job sites, and travel bookings, are paid via TripActions Liquid virtual cards. cheese sandwich during pregnancy . Previously . Admins can use previous card information to generate a new card in a few simple clicks. Slack sends requests to the right approver, who can review and instantly issue the card with built-in policies. customers choose TripActions to modernize their Travel and Expense program. TripActions earns new $9.2B valuation on journey to revolutionize T&E. A team of about 20 engineers developed the TripActions Liquid product, which has been used in beta by several TripActions clients over the last few months. Through Stripe Issuing, TripActions customers are able to experience the same functionality and user experience in 20 countries across Europe, including France, Germany, Spain, and the UK. The ability to cancel or freeze generated card numbers. There are myriad ways to solve these problems, including regular communications, training, sourcing teams, and more. Now TripActions has a financial technology product to go with its travel management platform. There is a Liquid mobile app and inside the app right there is a policy tab.. TripActions Liquid allows companies to issue unlimited virtual cards for travel and entertainment, light procurement, and other spending. Access exclusive travel research, data insights, and surveys. TripActions is a platform that helps businesses build, manage, and scale their corporate travel and expense programmes through powerful personalisation and 24/7 access to global travel agents. What impressed me though, was how effective it is. Data as of. Virtual cards do not store any of this data. At that time, TripActions began . In addition, travel, payments, and spend management are all deeply integrated into the TripActions stack, and no company can replicate the experience that creates. TripActions Liquid: One Tool to Manage Travel and Business Spend. The company launched TripActions Liquid in February, securing a $500 million debt facility led by Silicon Valley Bank. As the global battle for the lower end of the corporate travel management market rages on, top players are beginning to move beyond travel itself into solving problems above just booking and servicing. Companies can easily generate a new card in just a few clicks. Payments operations platform Modern Treasury added ACH reversals to its platform. Businesses are shifting toward the cloud and a more distributed spending environment. Robin and George spoke about how modern fintech infrastructure players like Stripe, Plaid, and more enable modern fintechs like TripActions Liquid. For more, read this blog post from TripActions on the benefits of virtual cards. TripActions Liquid allows companies to issue unlimited virtual cards for T&E, light procurement, and other spend. With physical and virtual cards, smart policy management, and automated expense reports, TripActions Liquid streamlines the entire business spending process driving cost-savings, productivity . TripActions already uses Stripe Payments for its existing corporate travel management business. Virtual cards have several key advantages over traditional payment methods in B2B payments. Alongside this growth, companies became more decentralized. The Travel Industry's Leading Event Is Headed to Dubai, Expedia and Booking in the Post-Pandemic Travel Landscape, Hotel Tech Benchmark: Guest-Facing Technology 2022, dropping more than $450 million in venture dollars into the company. Your submission was successfully sent :-), Opps! Since then, the solution has resulted in significant wins, most notably giving the team substantial time back to to focus on higher value strategic initiatives and projects. TripActions provides an end-to-end corporate card, expense management, and travel platform. The latest stories about business travel delivered weekly to your inbox. I wasnt surprised when TripActions came to me with a solution. Access Higher Limits & Easy Onboarding Grow your business with up to 10x-20x higher limits than traditional corporate cards. TripActions Liquid gives employees a simple way to pay while finance teams stay in control. TripActions is revolutionizing how companies approach the challenges of business travel with a range of features that allows for real-time visibility into travel spend, dynamic policy definition and control, and integrated expense reconciling, among other advantages. The company partnered with Stripe to launch TripActions Liquid, its virtual and physical card programme that helps manage travel payments and expenses. You can check in a year from now, two years from now, five years from now; we dont have any aspiration on actually adding another expense management system to the world.. TripActions expanded from its core offering of travel expense management and accelerated the launch of its corporate card and general expense management offering, Liquid, in March 2020. 0 0. Read more >. TripActions Liquid Travel is a centralised billing card that streamlines the payment process from reservation through reconciliation. Tying each of these benefits together presents the unique suite of technologies that TripActions Liquid delivers. On an operational level, companies that offer virtual cards with generated account numbers can instantly cancel or freeze these cards if a card is lost or stolen. Why is virtual card use growing so quickly and how does it apply to B2B payments? At this rate, the technology is set to account for almost half of US commercial card spend by 2022. TripActions is a platform that helps businesses build, manage, and scale their corporate travel and expense programmes through powerful personalisation and 24/7 access to global travel agents. Palo Alto, California, United States 1001-5000 Series G Private tripactions.com 3,307 Highlights Acquisitions 3 Total Funding Amount $1.8B Contacts 381 Employee Profiles 18 Investors 24 Similar Companies 7 Recent News & Activity News Nov 9, 2022 With physical and virtual cards, smart policy management, and automated expense reports, TripActions Liquid streamlines the entire business spending process driving . Customers may have TripActions Liquid cards issued by Stripe in GBP, EUR, and/or USD currencies. Today, credit cards come with smart chips, encryptions, and copious rewardsand the latest iteration of the cards, virtual credit cards, are now spreading in popularity across corporations looking to securely and rapidly control business expenses. But stronger integration with travel booking apps like TripActions could help mainstream the technology, which benefits both travelers and administrators. Your submission was successfully sent :-), Opps! Zoom partners with organizations that reflect its own user-centric culture, and works with TripActions to take control of its travel program without Do you accept cookies? Intelligent card limits lead to tighter control over business spend, whether thats from T&E to spot purchasing and light procurement. In October 2021, TripActions announced its Series F funding of $275M at a post-money upround valuation of $7.25B to help accelerate . Accept payments online, in person, or through your platform. Read how we use and protect your data in our privacy policy. If a company is paying by check or ACH where it could be paying by virtual card, it is potentially missing out on free money that often comes back through card rebates. Virtual cards are one of the hottest areas in payments and fintech, growing at 2-3x underlying industry growth rates and TripActions Liquid is on the cutting edge of leveraging them to upend the process of T&E and spend management. See why Your submission did not go through :-(, The First Lufthansa Boeing 787 Dreamliner Lands at Newark Airport, CWT Announces Extension of Partnership With Paramount Global, U.S. Travel Association Praises Delay of Real ID Enforcement, Extended Stay Hotels Continue To See Strong Rate Gains, DOT Reports 15.6% Decrease in Air Travel Service Complaints in September. Still, theres a lot of room for growth in the virtual card segment, as check and ACH payment vehicles continue to dominate B2B payments. Virtual cards do not store any of this data. First launched in February, the Liquid platform features physical and virtual Visa-branded credit cards that can be used to book travel via TripActions' and other booking tools, and to make in-trip payment at brick-and-mortar merchants, such as restaurants, with managers able to set trip budgets and other spending parameters. Exchange: A B2B Fintech Newsletter Powered by TripActions here. With smart virtual and physical cards, policies are built in to ensure responsible spending, real-time transaction visibility, and automated expense reporting for all business spend. As digital payments continue to grow and suppliers start to realize the value of accepting virtual cards, the future is bright for virtual cards in B2B fintech. TripActions combines the smartest corporate cards in the industry with powerful expense and travel management that drives instant visibility, control, and reconciliation. The problem is that they dont necessarily know what they what the policy is, right. Manage your business travel from a central platform that users love, save up to 30% on hotel spend while you're at it. Its investors must be happy, after dropping more than $450 million in venture dollars into the company. TripActions Liquid allows finance teams to manage spend requests and approvals in one place. As a result, Stripe Issuings API helps TripActions eliminate expense reports entirely. TripActions Liquid provides employees with a refreshingly easy way to pay for what they need while giving finance leaders one easy place to control, manage, and track spend. Its now very visible in the platform, what you can do and how much you can spend. Download 5 Hidden Costs of Expense Reports. TripActions Liquid is the best alternative to Concur. Traditionally, vendors store user information when the user swipes a physical card. Receivables financing company Greensill Capital filed for bankruptcy this week after failing an audit from German regulators. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Thats a lot of corporate spending, but why are so many companies switching to a digital option? Employees can easily request purchase cards in Slack. It could also be connected with Apple or Google Wallet. TripActions Liquid is a major time saver. TripActions earns new $9.2B valuation on journey to revolutionize T&E. Delivered every two weeks,Exchangeis a newsletter from TripActions specifically focused on B2B Fintech. With Stripe Issuing, TripActions can apply policy rules in real timeas soon as a transaction comes through. TripActions Liquid Cardholder Support Have a question? There are a few key highlights: Virtual cards can be limited by spend amounts, purposes, dates, merchants, frequency, and more. If a company is paying by check or ACH where it could be paying by virtual card, it is potentially missing out on healthy rebates. TripActions has been steadily growing its travel management platform and now boasts a global workforce of more than 1,000 as it moves into markets around the world. At the end of each billing cycle, finance teams get one statement with each travelers spend, which makes reconciliation fast and easy. tripactions community. According to data gathered by Trading Platforms, 25.7% of all point of sale payments were made using mobile wallets in 2020. Or, contact us to design a custom package for your business. The company decided to create a modern alternative to manage employee spend across travel and non-travel categories and eliminate the concept of traditional expense reports. TripActions Liquid Expensify Real-time spend visibility Automated reconciliation Box 542Pompton Plains, NJ 07444973-839-0620subscriptions@askbte.com. Lets dive in! Decades of evolution gave companies what is considered the modern-day credit card. While many companies issue traditional corporate cards, most havent taken the leap to implement more advanced solutions like virtual cards. However, virtual cards offer heightened security against fraudsters because the virtual credit card number cannot be traced unless there is access to a cardholders identity or computer system. Admins can customize these controls precisely to prevent oversepend and alleviate risk. We currently support: Microsoft Edge, Safari 9+, Chrome 44+ and Firefox 44+ From FT Partners 2020 Fintech Almanac: Global fintech financing dollar volume was $45B in 2020 the third highest ever. With TripActions, finance and accounting teams can rely on automated reconciliation for all virtual card payments on everything from a travel booking to a software subscription. TripActions. TripActions Launches TripActions Liquid, a Virtual Card Product . Using virtual cards and the right technology stack, settlement can happen immediately and teams dont need to wait for employees to submit expense reports. TripActions has launched a payment card designed to work directly with its travel management platform, according to the company. If we had to do it on our own, it would have taken us considerably more time.. Credit Suisse: Payments, Processors, & FinTech. more than 8,000 Were here to help 24/7/365. customers choose TripActions to modernize their Travel and Expense program. Employees are empowered to pay for what they need, while finance teams get real-time visibility and control over business spend. TripActions is the only modern, all-in-one travel, corporate card, and expense management platform, providing 8,800+ customers around the globe unprecedented visibility and control over spend. If a company chooses, TripActions can also provide physical cards alongside the virtual card product to enable preference. An industry leader in modern enterprise video communications, Zoom takes pride in its ability to stay agile in an ever-evolving competitive landscape. This has led to a host of interrelated issues for CFOs: overspending, duplicative spend, and lack of visibility. Create an account and start accepting paymentsno contracts or banking details required. We use cookies to offer you a better browsing experience, analyze traffic and personalize content. Instant Visibility and Savings Savings from every angle. Each editionincludes a deep dive into a specific topic, news highlights and trends, and insights into the evolving role of CFOs. Traditionally vendors using physical cards can store the information received when a user swipes the plastic. Payments for the hustle economy, Exchange: A B2B Fintech Newsletter Powered by TripActions. Your submission was successfully sent :-), Opps! Once employees submit a request through the TripActions Liquid mobile app or web app, approvers can review requests, edit card limits, and issue cards in the same tool, leading to a seamless experience while ensuring spend control. Additionally, single-use cards can be issued to a specific vendor for a specific dollar amount. TripActions is the only all-in-one travel, corporate card, and expense management solution, providing 8,000+ customers around the globe unprecedented visibility and control over spend. Corporate travel had slid to a halt due to the onset of the COVID-19 pandemic, taking the company's revenue to zero. This prevents overcharges and ensures that hackers cant use the card for anything outside of its limits. And then while traveling, employees can have a TripActions Liquid physical card - operating on Visa's network - so they don't have to use their personal credit card for things such as ride-shares, meals and incidentals. TripActions, the only all-in-one travel, corporate card, and expense management solution, announced the launch of TripActions Liquid in Europe. Schedule a demo or get up and running with TripActions in just 5 mins. The idea is also that issuing the card to travelers will enforce corporate travel policy priorities more effectively. With smart virtual and physical cards, policies are built in to ensure responsible spending, real-time transaction visibility, and automated expense reporting for all business spend. You can move a lot faster than you could with traditional players, said Robin Gandhi, SVP Product and Payments at TripActions. One of the biggest challenges facing virtual cards, though, has to do with suppliers openness to accepting them for payment. Read more >, Exchangeis a newsletter from TripActions. Box 542Pompton Plains, NJ 07444973-839-0620subscriptions@askbte.com. Companies can carefully limit the cards by spend amounts, purposes, dates, merchants, frequency, and more. TripActions Liquid provides employees with a refreshingly easy way to pay for what they need while giving finance leaders one easy place to control, manage, and track spend. Your submission did not go through :-(, The First Lufthansa Boeing 787 Dreamliner Lands at Newark Airport, CWT Announces Extension of Partnership With Paramount Global, U.S. Travel Association Praises Delay of Real ID Enforcement, Extended Stay Hotels Continue To See Strong Rate Gains, DOT Reports 15.6% Decrease in Air Travel Service Complaints in September. All other expenses are auto-reconciled in real time so finance teams can shift their focus from record-keeping to higher-value work, like financial planning. By partnering with Stripe, TripActions was able to move quickly: The company turned their idea into an entirely new product line in just six months. Embed financial services in your platform or product. See why With a custom policy builder, admins can create spend controls and approval workflows based on role, expense category, business context, and more. Virtual cards aren't anything new in corporate travel, despite limited adoption. When employees swipe their TripActions Liquid cards, transactions are approved, flagged, or declined in real time, at the point of purchase. Another benefit of using Stripe Issuing is having access to dynamic spending control and being able to have real-time authorisation over every charge, which has saved the company valuable time and resources.
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