The Nium virtual card solution enables online travel agencies (OTAs), travel management companies, travel tour operators, and corporations to streamline their spend management processes. Businesses can now digitise their supply chain, such as payments to suppliers and vendors, or internal processes, such as automated reconciliation - all with better rebates and higher levels of security.
Notable features for the B2B travel card solution include attachment and matching of booking references to payments with a unique card for every booking, individual card limits, scheduled card loads, and automated deletion to minimise fraud exposure.
Following the acquisition of Ixaris completed in September 2021, Nium will use its new virtual card solution to expand its card issuing capabilities in the US, initially within the travel sector, with plans to expand into new verticals, according to the company.
For more information about Nium, please check out the company profile in The Paypers Company Database.
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