“JTB Business Travel Solutions (JTB-CWT)” which provides business travel management and business trip/expense settlement management solutions and JTB Business Innovators, which provides financial and payment services to companies, will start providing hotel reservation and settlement agency services using the MasterCard virtual credit card number (VCN) issued by JTB.
Both companies want to pay for hotels locally (reimbursement for business trips), which has been an issue in arranging overseas hotels in the past, with the same deferred payment as airline tickets. Since there was a strong demand for this, we started offering this service to JTB-CWT contract companies.
When requesting a hotel reservation from a business travel agency (TMC) such as JTB-CWT, until now, the business traveler could have I have made payments on personal behalf. By introducing hotel Billback, it will be possible to make a reservation with a VCN without using a business traveler’s corporate card or personal credit card, so it will be possible to complete the settlement of the hotel fee.
For the company, it eliminates the temporary economic burden of paying for the hotel on site, reduces the travel expense settlement work after returning home, and the work of the accounting staff (receipt management). and fraud checks) will help eliminate the complicated work related to business trips.
In addition, by using a VCN with usage restrictions for payment, the risk of unauthorized use due to leakage or loss of credit card information is avoided. By requesting the same TMC for air ticket and hotel arrangements, the itinerary and accommodation information of business travelers can be centralized, making it possible for managers to manage all business trips (BTM).
From press materials source
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