June 19, 2021

Amadeus and Barclaycard in payments deal

Barclaycard has announced a partnership with Amadeus to integrate Barclaycard's virtual cards offering, Precisionpay, into Amadeus' B2B Wallet payment solution.

“Using the Amadeus B2B wallet with Barclaycard allows our agents to pay for all spend types through a streamlined process. As the payments are integrated in our core system, the B2B Wallet means we can implement new teams quickly and scale up across Europe as we expand,” says Adam Murray, Chief Financial Officer for Flight Centre.

Virtual cards allow businesses to generate single-use digital cards, providing greater control and oversight of spend. Each card is linked to a specific purchase, so transactions can be automatically reconciled saving time and effort.

“Payments is not a one-size-fits all business,” says Bart Tompkins, Managing Director, Payments, Amadeus.

“That’s why we developed the B2B Wallet concept, which gives travel agencies access to a range of different payment options in a single link. The addition of Barclaycard brings greater choice and deepens our credit offer, enabling our travel agencies to better manage their cashflow.”

Precisionpay will also provide the ability to pay suppliers up-front without affecting cashflow.

“While cashflow remains one of the main challenges for any growing business, we know that travel agencies in particular have an ongoing need to make up-front purchases before they themselves get paid. This integration with Amadeus will be another way to help travel agencies take control of their cashflow and become even more competitive,” says David Price, Managing Director of Client Coverage at Barclaycard.

barclaycard.co.uk

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