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Categories: Special ReportExpense Management

Tech to Pay

More payment solutions for travelers mean more options – and more decisions – for travel managers
When it comes to the abundance and diversity of payments options, travel managers have a veritable bounty to choose from. While this can be a blessing – in that it offers a greater variety of payment tools for travelers other than just the traditional plastic card – it can also be a curse. The daunting challenge is to find the very best option (or options) and determine what role travel managers should play in deciding which travel purchasing tools are best suited to their programs.

“The corporate travel ecosystem continues to evolve based on advancements in technology and the changing workforce,” says Jennifer Petty, head of card and comprehensive payables, global transaction services for Bank of America Merrill Lynch. “We see that many companies maintain very rigid corporate travel policies, but the way employees travel and pay has rapidly evolved. Companies rely on data to help drive down expenses and maintain their corporate obligations. Business travelers want a more personalized and enjoyable journey without the

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