July 15, 2024

HRS signs partnership for virtual payment services

Corporate lodging platform, HRS, has signed a global partnership with Citi to collaborate on offering lodging and associated payment services to the travel programmes of Fortune 500 companies.

The deal has been signed to meet increased demand from companies wishing to switch to centralised and virtual payment technologies.

The technologies not only help to make payment more accurate, streamlined and secure but, with social distancing in mind, they also reduce the need for travellers to interact with the front desk at hotels.

The partnership is also designed to help corporates maximise the use of preferred suppliers and ease the burdens of legacy expense reporting on travellers and corporate accounting offices.

HRS will fully embed Citi’s product offering into B2B travel booking processes to provide Virtual Credit Cards to any accommodation provider worldwide for payment.

It will use its AI-powered invoice engine to collect, audit, correct and provide hotel invoices to corporate clients.

Citi will provide its billing and data capabilities to allow seamless integration into existing accounting processes.

“Coming out of the pandemic, global corporations are keen to upscale their employees’ travel experience while actively looking at technology to do-away with legacy inefficient back-end processes,” said Trudy Curtis, Citi EMEA Head of Commercial Cards.

“HRS’ expertise in providing next-gen traveller services – coupled with Citi’s state-of-the art payments infrastructure – are geared to help our clients achieve that ambition while delivering tangible savings in the process.’’

hrs.com citi.com