A new report issued today by the GBTA Foundation – the education and research arm of the Global Business Travel Association (GBTA) – revealed that, as more people learn about virtual payment accounts and their benefits, their appeal grows. The report, Virtual Account Payment Solutions, sponsored by U.S. Bank, surveyed nearly 200 U.S. travel buyers and suppliers on aspects of their payment solutions, the forms of payment they used for business travel and meetings expenses, and their awareness and usage of and interest in Central Travel Systems/Business Travel Accounts (CTS/BTA) and single-use virtual accounts.
Representatives from the GBTA Foundation and U.S. Bank will present a more detailed look at the survey findings in an educational session at the GBTA Convention 2014 in Los Angeles. The session, Market Adoption and Benefits of Virtual Payments for Business Travel, takes place at 9 a.m. Pacific Time Tuesday, July 29, in room 402 AB of the Los Angeles Convention Center.