Release Details
Sabre launches virtual payments solution for air travel
For travel buyers, Sabre Virtual Payments for Air will increase productivity and security through a streamlined, automated solution that assigns a unique virtual credit card number to each travel segment. In addition, the flexible nature of Sabre Virtual Payments allows corporations to control the exact dollar amount of any single transaction and ensure that only airlines are able to bill to these accounts, which delivers even more fraud protection and increases travel policy compliance.
"The effective management of a corporate travel program is becoming increasingly complex and corporate travel managers face increased pressure to deliver a positive ROI on their travel spend," said
Sabre Virtual Payments for Air is a streamlined form of payment that allows customers to deploy virtual credit card numbers from a preferred partner bank or credit card at the point of sale. As the initial launch partner of Sabre Virtual Payments for Air with Sabre and Conferma,
"The addition of virtual card numbers for air is great news for our card program customers who already enjoy the option of VCNs for hotel bookings," said U.S. Bank Travel Product Manager
Sabre already offers Sabre Virtual Payments for Hotels, a solution that is used by many travel management companies and corporations today.
Sabre's virtual card technology is focused on seamless integration into the agency workflow, capitalizing on the information already held in a booking record and removing the requirement for third party systems to add or manipulate data. This methodology reduces cost, enhances the quality of data from booking to ticket issuance, and delivers a unified data reconciliation process.
Sabre Corporation (NASDAQ: SABR) is a leading technology provider to the global travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre® also operates a leading global travel marketplace, processing over
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