Virtual credit card takes the pain out of hotel bills

WORLD – A cashless payment system promises to free delegates from the hassle of paper invoices. American Express Global Corporate Payments has teamed up with HRS Corporate to allow guests to settle hotel bills more easily. During the booking, event managers can automatically generate a virtual credit card from their vPayment account to pay for hotel accommodation. American Express claims the solution offers improved transparency and security as the period of validity and the transaction value can be individually determined for every payment. HRS Corporate’s Paperless Travel means that business travellers will no longer need to deal with paper invoices and time-consuming travel expense accounting as the hotel sends the invoice to a predefined verification address. Planners benefit from digitally processed information that gives some indication of further savings potentials when it comes to hotel expenses. Tobias Ragge, CEO of HRS, said: “For business travellers, both booking and accounting becomes far easier. The travel manager receives detailed reports of all hotel bookings and invoiced billing amounts through the payment solution. This is done digitally, which makes the processes far more efficient and cost-transparent.”