Menu

Amadeus launches Mastercard-branded Amadeus B2B Wallet in the U.S.

  • Published by Ozgur Tore

amadeusU.S. Bank, America's third largest commercial bank card issuer, and Amadeus, a leading provider of advanced technology for the global travel industry, have entered a strategic alliance through which Amadeus will offer the bank's virtual payment technology to its U.S. travel agency subscribers.

As a result, Amadeus will launch Mastercard-branded Amadeus B2B Wallet in the U.S., a new virtual card solution that will enable its U.S. travel agency customers to save time, boost efficiency and improve their bottom lines.

"Partnering with Amadeus to advance their leading travel technology offering is a compelling opportunity for U.S. Bank," said Nicole Tackett, head of Strategy, Specialty Verticals and Partnerships for U.S. Bank Corporate Payment Systems. "Integrating with one of the largest travel distribution systems in the world allows us to enhance our offering to the travel and hospitality industry and bring exceptional new capabilities to Amadeus customers."

Introduction of Amadeus B2B Wallet in the U.S. coincides with growing demand for virtual cards to pay suppliers in real time as well as the increased demand to make payments outside of traditional channels.  

Advocates say virtual cards can improve cash flow, reduce fraud risk, boost revenue share earned per transaction, slash the time spent reconciling payment invoices with booking files, and enable better control of travel spending.

"Amadeus is focused on aggressive growth in the U.S. market, and the partnership with U.S. Bank will help us achieve that," said Scott Alvis, chief marketing officer, Amadeus North America. "We are excited to offer our agency customers a virtual card that delivers greater spending control. The Amadeus B2B Wallet provides a full cash management solution that maximizes savings and minimizes payment costs."

Some features of Amadeus B2B Wallet:

  • Unlike a traditional credit card, payment details are generated each time the travel agent requests creation of a virtual card. This enables travel agencies to streamline back office processes and control when their card is used and for what amount.
  • Reconciling payments with sales files is made efficient and accurate as each payment transaction has a unique credit card number.
  • Travel agents can pay their travel suppliers faster, replacing payment methods such as invoicing, wire transfers, bank debit card, checks and cash advances.
  • Thanks to Mastercard's global acceptance, travel agencies can securely pay suppliers almost anywhere in the world.
  • Travel agencies have the opportunity to earn rebate revenue from their supplier payments.

Amadeus B2B Wallet is currently being rolled out to select travel agencies in the U.S. now, with wider availability to follow in the coming months.

For more information about virtual card solutions and Amadeus B2B Wallet, visit usbpayment.com or contact an Amadeus account manager.

Booking.com
Advertisement
Advertisement

Most Read Technology news since January 1, 2017

Prev Next

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...