Sabre Corporation (NASDAQ: SABR), a technology provider to the global travel industry, has just launched Sabre Virtual Payments for Corporate Travel Management (CTM) Singapore, contributing to improved productivity and optimized revenue by enabling secured transaction channels between travelers 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 traveler’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.
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“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.