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Deep Dive: How Automation And The Cloud Can Improve Operational Efficiency In Payments Processing

PYMNTS

Automated compliance systems can help FI staff ensure that their AML and KYC compliance is up to code, as these systems can perform thousands of security checks in the time it takes a human staffer to handle just a few. Cloud Payments Integration.

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TravelgateX, PayParc Collaborate On Digital Wallet For Instant Travel B2B Payments

PYMNTS

Travel tech companies TravelgateX and PayParc have made a deal to create a B2B digital wallet, operating via API integration and available for any buyer or seller using TravelgateX, a press release says. Virtual cards help sidestep the problem of navigating a mire of bank guarantees an online travel agency might have to do.

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Keeping Subscription Boxes Secure From STEM To Stern

PYMNTS

Stitch Fix Kids , for example, sends out a selection of kids’ clothing each month, while GiftLit focuses on curated children’s books. Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs).

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CSI globalVCard Spreads The Virtual Card Word

PYMNTS

Travel management firm MacNair Travel Management announced on Tuesday (May 17) that it will integrate the virtual card solution from CSI globalVCard in an effort to help its clients regain control of corporate travel spend. The virtual card has recently gained traction in the corporate travel spend arena.

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How Travel Streamlines Payments In A Complex Web Of B2B Connections

PYMNTS

The travel industry is a highly fragmented, complex web of suppliers, distributors, tourism companies and online travel agents (OTAs), all hustling to keep pace with the changes occurring in how travelers — both for pleasure and business — plan, book and pay for their trips. One of the largest disruptors in this area is the virtual card.

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Will Credits Keep Travelers in the Air, on Deck … and Spending?

PYMNTS

As Bloomberg reported Friday morning, at least one operator, Carnival , had hoped to keep passengers coming on deck by offering credits of up to $200 to those who go ahead with the planned trips. The incentive is available for people with cruises that are booked between March 6 and May 31. told Bloomberg. “A told Bloomberg.

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Why Travel Is A Popular Destination For Fraudsters

PYMNTS

Indeed, one growing travel fraud trend, according to Xie, involves fraudsters gaining hold of consumers’ payment card data — perhaps via one of those fake travel sites — and then cashing out those cards. Sure, as PYMNTS research has shown, some big, famous travel operators are pushing the frontier of fraud detection and prevention.

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