Barclaycard says rock me Amadeus for travel payments
Come and rock me Amadeus! Barclaycard has partnered with the technology solutions provider for B2B payments in the travel sector.
As part of the deal, Barclaycard’s Precisionpay will be integrated into Amadeus’ B2B Wallet payment solution.
Bart Tompkins, managing director, payments, Amadeus, says: “Payments is not a one-size-fits all business. That’s why we developed the B2B Wallet concept, which gives travel agencies access to a range of different payment options in a single link. The addition of Barclaycard brings greater choice and deepens our credit offer, enabling our travel agencies to better manage their cashflow.”
David Price, MD of client coverage at Barclaycard, adds: “While cashflow remains one of the main challenges for any growing business, we know that travel agencies in particular have an ongoing need to make up-front purchases before they themselves get paid. This integration with Amadeus will be another way to help travel agencies take control of their cashflow and become even more competitive.”
According to Barclaycard, virtual cards are a fast and convenient way to manage supplier payments. The technology allows businesses to generate single-use digital cards, providing greater control and oversight of spend. Because each card is linked to a specific purchase, transactions can be automatically reconciled, saving finance teams time and effort compared to traditional methods.
Another “advantage” of Precisionpay, similar to a standard corporate credit card, is the ability to pay suppliers up-front without affecting cashflow or tying up important capital.
One Amadeus customer that is using the integration is Flight Centre, a travel agency with over 80 UK high street stores, specialising in flights, holidays and tailor-made journeys.
Amadeus has 16,000 employees across 70 offices. It is an IBEX 35 company, listed on the Spanish Stock Exchange.
Last week, Barclaycard said it will integrate Precisionpay into SAP Ariba solutions.
There’s no specific date but that integration, to become available later this year, will bring procurement and payment together in one place, Ariba Network.