SAN FRANCISCO, CA – JULY 28, 2015 – Visa Inc. (NYSE:V) today announced it is working with Orbitz for Business, the corporate travel brand of Orbitz Worldwide (NYSE: OWW), to provide corporate clients with a turn-key, end-to-end travel and expense solution designed to make booking, reconciliation and reporting more efficient. The solution, Visa Travel Manager, is specifically designed to give mid-market companies control of, and visibility into, employee travel spending. It is planned to be available to Visa issuers and their clients starting October 2015.
Visa Travel Manager combines an Orbitz-powered booking and payment portal on the front end with Visa IntelliLink reporting and expense management on the back end. This integration gives companies a greater ability to capture total travel spend and have increased visibility across their organization, promote compliance, and provide data intelligence to drive cost savings.
Because the system is easy to use, employees can save time and resources by having an easy way to book travel and submit their expense reports. To book, employees will be instructed to use Visa’s Orbitz for Business portal and pay with their Visa business travel card. They’ll receive access to all supplier published rates as well as discounted Orbitz for Business rates, while also being able to use the same platform to manage and submit their expense reports. The Orbitz for Business portal provides users with an easy-to-use, familiar experience that is consistent across all booking channels including online, tablet and mobile, plus access to corporate travel agents to assist with bookings and in-trip support.
“Visa Travel Solutions offer convenience, efficiency, transparency and insight throughout the travel lifecycle,” said David Henstock, Vice President of Global Commercial Solutions, Visa Inc. “With Visa Travel Manager, we’re bringing together two recognized brands to offer a great customer experience, making business travel easier than ever for mid-market companies.”
“We are excited to work with Visa on this initiative,” said Charles Bacharach, Vice President of Global Sales for Orbitz for Business. “We feel this sector of the marketplace is currently under-served and believe that Visa Travel Manager is well positioned to address the mid-size customer needs through this truly end-to-end solution set.”
For more information on Visa Travel Solutions, visit visa.com/commercial.
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Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 30,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit corporate.visa.com.
About Orbitz for Business
Orbitz for Business is the corporate travel brand of Orbitz Worldwide (NYSE: OWW). Launched in 2002, Orbitz for Business offers a complete portfolio of global business travel products and services that help corporate customers plan, search and book travel. Orbitz for Business leverages Orbitz Worldwide technology, customized for corporate travelers. In addition to its technology, Orbitz for Business delivers full service, cost effective travel management solutions including 24/7 customer support; expense reporting and policy management tools; and comprehensive choice in travel inventory.
For more information, contact:
Andrew Gerlt, Visa
Trevor Kight, Orbitz for Business