The Travel Agency Card by Citi, is a new wholesale travel virtual card product, aimed at providing smarter payments for the global travel industry. Built in partnership with Mastercard, the Travel Agency Card by Citi is designed to specifically secure, streamline and automate global travel payments.
The new Travel Agency Card by Citi compliments Citi’s extensive local virtual card issuance capabilities in 46 countries and 30+ currencies globally, including regulated markets such as Brazil, India and South Africa, all of which are accessed via Citi’s global proprietary API.
These virtual card products coupled with Citi’s flexible credit funding model and dedicated 24/7 support make Citi the virtual cards issuer of choice for the travel industry, and the ideal partner to help grow your travel business.
Citi’s virtual card products are specifically designed with features to secure and optimize travel purchases.
Pre-Auth Friendly
Geographical Control
Currency Lock
Card Limit in Merchant Currency
De-Link Expiry from End Date
For Travel Intermediaries, winning new business in a competitive market is critical. Both the “Travel Agency Card by Citi" and Citi’s locally issued virtual card products helps you overcome day-to-day challenges such as the risk of losing a booking when a payment fails, and the working capital burden of paying suppliers upfront when you might not receive payment from your customers for a few days. We also address the complexity that comes with reconciliation of bookings vs payments in the back office with our custom data fields, ERP integration and detailed reporting suite.
Global companies often face challenges when managing their travel payments. You need to keep costs down, manage risk, and deal with the complexity and reconciliation problems that come with multiple supplier relationships. Ensuring policy compliance, with multiple travellers on the go, can be tough.
The "Travel Agency Card by Citi" and Citi’s locally issued virtual card products gives you the transparency you need to manage travel on a day-to-day basis, and the controls to ensure business travel is convenient for users as well as being secure and cost-effective for you. The solution also delivers multiple cost savings and efficiencies.
The travel supplier business is highly competitive. The easier you make it for your customers to do business with you, the more business you can do. In a fast-moving world, a key goal for travel suppliers is to get paid faster. The "Travel Agency Card by Citi" and Citi’s locally issued virtual card products streamlines the purchase order and invoicing process, accelerating payment and dramatically increasing your cash flow, therefore maximising revenues. The solution can even help you to increase sales and deepen customer relationships.
We'd love to hear more about your business and understand your needs. Contact us to get in touch.
