About 20 percent of American businesses today pay for travel using cardless single-use “virtual” accounts, up from 13 percent last year, according to a new study by the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA). Meanwhile, the survey found that a majority of travel suppliers are accepting single-use virtual accounts — 53 percent. This gain in popularity for a relatively new payment method likely stems from an increase in marketing and educational efforts by the industry.Continue Reading...
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