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Technology

28 Feb 2019

BY Andrew Doherty

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Amadeus integrates Barclaycard’s virtual card tech with B2B Wallet

The technology provider has announced it is amalgamating Barclaycard’s Precisionpay to its B2B Wallet payment solution.

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Precisionpay also offers the ability to pay suppliers up-front without affecting cashflow or tying up capital.

The technology allows businesses to generate single-use digital cards, providing greater control and oversight of spending.

 

Each card will be linked to a specific purchase, enabling transactions to be automatically reconciled.

 

Precisionpay also offers the ability to pay suppliers up-front without affecting cashflow or tying up capital.

 

Bart Tompkins, managing director, payments at Amadeus, said: “Payments is not a one-size-fits-all business. That’s why we developed the B2B Wallet concept, which gives travel agencies access to a range of different payment options in a single link.

 

"The addition of Barclaycard brings greater choice and deepens our credit offer, enabling our travel agencies to better manage their cashflow.”

 

David Price, managing director of client coverage at Barclaycard, commented: “Since launching the UK’s first corporate credit card over 50 years ago, Barclaycard has been pushing the boundaries to create payment solutions that help make businesses more successful.

 

“While cashflow remains one of the main challenges for any growing business, we know that travel agencies, in particular, have an ongoing need to make up-front purchases before they themselves get paid.

 

"This integration with Amadeus will be another way to help travel agencies take control of their cashflow and become even more competitive.”

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