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Nium launches virtual card issuing solution for the US travel sector

Friday 17 December 2021 10:11 CET | News

US-based B2B payments and card issuance provider Nium has launched its virtual card issuing solution aimed for travel-related businesses to pay suppliers. 

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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Keywords: Nium, B2B payments, travel payments, virtual card
Categories: Payments & Commerce
Companies:
Countries: United States
This article is part of category

Payments & Commerce