Sabre Virtual Payments enhances payment security for CTM Singapore
Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, has just launched Sabre Virtual Payments for Corporate Travel Management (CTM) Singapore, contributing to improved productivity and optimised revenue by enabling secured transaction channels between travellers and suppliers.
Sabre Virtual Payments, developed in partnership with virtual card technology provider Conferma, is an innovative solution that offers peace of mind to help make secure, corporate travel-related transactions. Available through Sabre’s corporate booking tool GetThere and the new Sabre Red Workspace, Sabre Virtual Payments provides agents and travel management companies (TMCs) with the capacity to issue single-purpose virtual cards for air, hotel, and agency fee payments. The virtual cards are sent directly to the traveller’s mobile via TripCase and are attributed to a unique transaction. The technology generates a simple, single form of payment which is recorded in a safe, traceable and efficient manner through a protected distribution channel, helping to ensure secure transactions and reducing third party access to sensitive credit details.
“In addition to supporting compliance, Sabre Virtual Payments is a tremendous asset for corporate travel management companies looking to optimise their reporting capabilities. The platform enables rich data capturing, helps to better manage revenue and facilitates compliance for all parties involved in the transaction,” said Eugene Tan, general manager, Corporate Travel Management Singapore. “Thanks to Conferma and Sabre’s partnership with our service delivery team, Sabre Virtual Payments was easily integrated into our processes. In fact, we improved our booking efficiency by 30 to 40 percent while driving revenue growth,” he added.
“Sabre Virtual Payments directly supports the public discussions that we are witnessing today around data protection. With this solution, Sabre delivers an innovative tool that addresses the need for simple, safe and reliable transactions to take place between agents, travellers and suppliers,” said Jason Toothman, vice president global accounts, Sabre Travel Network Asia Pacific. “We are pleased to have collaborated with CTM on this successful launch, which has already been able to optimize their processes and increase profitability,” he added.
Rapidly adapting to the rise in mobile transactions across Asia Pacific, Sabre Virtual Payments enables agency and corporate subscribers to choose from over 30 banking partners. The solution is currently available to agents and TMCs in Australia, Hong Kong, India, New Zealand and Singapore, and will soon be deployed across the remaining Asia Pacific countries over the coming months.
About Sabre Corporation
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
About Corporate Travel Management (CTM)
CTM is an award-winning provider of innovative and cost-effective travel management solutions to the corporate market. Its proven business strategy combines personalised service excellence with client facing technology solutions to deliver a return on investment to clients. Headquartered in Australia, the company employs approximately 2,300 FTE staff globally and provides local services solutions to clients in more than 70 countries.
Conferma is a leading FinTech company specialising in virtual payment technology across all B2B sectors. Businesses use Conferma-powered virtual cards to pay their suppliers in 197 countries. Conferma is also the only virtual payment provider integrated into all major global distribution systems and more than 70 online booking tools and 400 travel management companies.