CSI Enterprises Inc.
Providing innovative payment solutions to
world leading brands since 1989.
With one payment file upload, customers can automate 100% of
their B2B payables and disburse global payments through virtual
credit card, ACH, check, or FX with cross-border payments settled in
local currency. Combining technology and extraordinary customer
service, the company’s highly secure ‘globalVCard Travel’ solution
offers a no-cost virtual card integration to travel management that
provides businesses with powerful spending control and benefits.
Travel managers can increase compliance, reduce fraud, simplify
reconciliations, and solve hotel billing challenges.
The globalVCard Travel Solution
The company launched its globalVCard platform in 2009 creating
a new solution for travel managers that addresses serious pain
points for corporate travel programs including company compliance, security, and back-end reconciliation. globalVCard Travel
enables travel managers and travelers to create a single-use virtual
card that works in conjunction with a corporation’s preferred travel
management company. Like a lodge card or central bill product,
the TMC controls access to the card, ensuring that employees
book their business travel through the agency of record. Unlike the
central bill card, however, the TMC generates virtual cards specific
to each transaction with an enhanced API for travel companies
that attaches critical data to each transaction including, booking
number, reference number, employee name, employee number, and
job number. The result is significantly enhanced reporting that goes
beyond what is provided by many corporate card providers.
Travel Pain Points Solved
• Corporate Compliance – Virtual cards are generated and maintained at the TMC level, which means employees are required
to book their travel via the agency of record. Pre-set spending
controls ensure that employee spending is kept within compliance parameters.
• Reconciliation – With the enhanced API configured for travel
management, globalVCard Travel offers all the data needed
to tie each travel transaction back to the employee, corporate
division, or project code for easy reconciliation. This contrasts
with the more conventional central bill product that has limited
details for reconciliation and has been a challenge for travel and
finance managers in the past.
• Security – Single-use virtual cards expire immediately after
the transaction is complete, giving peace-of-mind to corporate
travel managers concerned about data security breaches. The
single-use configuration also prevents travelers from making
unauthorized changes and/or upgrades to their airline tickets,
hotel rooms, and car rentals.
• Hotel Direct Bill – Hotel direct bill has been a perennial challenge for many companies, with failures in paperwork transfer
resulting in long wait times and uncertainty for the business
traveler at check-in. CSI’s globalVCard Travel solution integrates
mobile app functionality with an automated fax feature that
eliminates these hassles. The mobile app also gives travel managers real-time controls and 24/7 tracking of employees.
The Future of Corporate Travel Payments
The growth for CSI’s globalVCard has been exponential across
all industries since its inception. With new enhancements and
integrations for the managed travel industry, applications for
the product are numerous, whether the travel program requires
a full payment solution transformation or a targeted solution
for a particular group of travelers—such as contractors or those
who are not eligible for corporate cards. With CSI’s globalVCard,
corporations are empowered with fully integrated policy controls
that streamline central billing and reconciliation through rich
reporting capabilities. Add in the enhanced security features and
you have a truly innovative travel payment solution that is redefining how corporate travel is managed.
Learn more at www.csiglobalvcard.com/corporate-travel-payments/