Barclaycard and Amadeus in B2B travel payments partnership
Barclaycard has announced a partnership with Amadeus to integrate Precisionpay into Amadeus’ B2B Wallet payment solution.
Virtual cards are a fast, secure and convenient way to manage supplier payments. The technology allows businesses to generate single-use digital cards, providing greater control and oversight of spend. Because each card is linked to a specific purchase, transactions can be automatically reconciled, saving finance teams huge amounts of time and effort compared to traditional methods.
Another advantage of Precisionpay, similar to a standard corporate credit card, is the ability to pay suppliers up-front without affecting cash flow or tying up important capital. This can help customers build stronger relationships with their suppliers.