How Virtual Credit Cards Transform Travel B2B Payments

Virtual credit cards are at the peak of popularity in the travel B2B payments industry today. In this video, we explain how they work and what their advantages are. What does the future hold for travel payments
00:00 Intro
00:40 How Virtual Credit Cards Transform Travel B2B Payments
02:49 Introducing virtual credit cards
06:08 VCC advantages
11:51 What hinders VCC adoption?
Useful Links and Sources:
[1] • Agoda: Book your trips...
• Booking.com / Somewher...
[2] www.paymentsjournal.com/virtual-cards-are-gaining-ground-in-b2b-payments/
www.phocuswire.com/sabre-edge...
www.altexsoft.com/blog/virtua...
[3] amadeus.com/en/insights/blog/...
[4] / what-payment-methods-d...
[5] • Buy Now, Pay Later: Le...
[6] www2.arccorp.com/products-par...
www.iata.org/en/services/fina...
[7] www.versapay.com/resources/b2...
[8] • Use a virtual credit c...
[9] • Visa Inc. - The 12 Tri...
[10] www.juniperresearch.com/press...
[11] www.nium.com/resources/virtua...
www.bottomline.com/nexus/the-...
[12] www.altexsoft.com/glossary/ap....
[13] • Working at TripAdvisor...
[14] • IATA Open API Hub
[15] • An introduction to Rev...
[16] www.concurtraining.com/custom...
[17] • How To Cancel Your Boo...
[18] www.mews.com/en/blog/hidden-c...
[19] • Careem x Adyen: Boosti...
[20] • Airlines Reporting Cor...
[21] partner.booking.com/en-us/hel...
partner.expediagroup.com/en-us
partnerhub.agoda.com/what-are...
Music in video by EpidemicSound (www.epidemicsound.com)
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[@SHEKHAWAT-Kushal-Singh]

Perfect 🎉

[@dehualv-lx5br]

Advise make one for UATP payment introduction ❤

[@satyashilsingh6124]

Can you give some knowledge about Sabre Wallet , how it will be integrated with Sabre, and how it will be beneficial for TMC.

[@AltexSoft]

Great question! When you're talking about Sabre Wallet, are you referring to the virtual card solution powered by Conferma Pay that Sabre offers? If so, this feature can improve payments and financial processes for TMCs. It's handy and offers a bunch of benefits, all of which are highlighted in the video we shared.

[@lanceranon8227]

Imagine dedicating your entire career to virtual credit cards and then zero knowledge proofs on the block chain make an entire industry obsolete in three years…..

[@satyashilsingh6124]

This video nicely explains about how VCC payments works to charge the money but it's not explains how money will go back to the card holder account in case pax cancel the booking and suppliers have to refund?

[@satyashilsingh6124]

Also in case of Corporate Travel if Fraud person use the traveler card details while hacking traveler profile to book the ticket. How VCC will stop it.

[@AltexSoft]

@@satyashilsingh6124 Thank you for this question! Card networks process VCC refunds the same way as regular credit card refunds. Even if a virtual card number has expired and is no longer valid for making purchases (or, for example, in the case of B2B transactions between OTA and hotel, the hotel can no longer charge it), it’s still connected to the original account at the bank that issued the card. So, the VCC refund will go back to the cardholder’s bank account.