Visa and Sabre have partnered to offer B2B virtual payments in the travel industry. Travel buyers and suppliers will will to able to pay and receive payments via Visa’s virtual commercial cards. This transaction will be powered by Sabre’s virtual payment solution.
The two companies’ mutual customers will receive access to Visa’s B2B payment solutions which will help facilitate quick payments and provide more visibility for individual transactions.
Supporting the expansion of electronic B2B payments in the travel industry is one of our core focus areas. By bringing together Visa and Sabre’s travel-industry capabilities and solutions, we will help further streamline cash flow and overall finance management practices for suppliers and buyers, helping remove barriers to transparency in business payments created by paper-based processes.Kevin Phalen, Visa Business Solutions Global Head
More on this story here: Visa teams up with Sabre on B2B virtual card payments