HRG and VISA launch Central Travel Account (Lodge card) solution in Europe
HRG, the award winning global travel management company, and Visa, the leading European payments business have joined forces to launch a Central Travel Account (CTA) Lodge card solution in Europe.
Visa Central Travel Account is a centralised payment solution which combined with HRG’s travel management expertise gives clients complete control and visibility of their travel spend.
John Harvey, Group Marketing Director, HRG comments: “We have seen a growing demand among our clients for a CTA. Driven by a need to get total visibility of travel spend, clients are actively seeking simple solutions to this perennial problem of how to pay for travel where the traveller does not have an individual card. The success of a CTA depends upon the availability of good quality, reliable and consistent travel data that can be matched to financial data. In working together with Visa, our new Lodge Card solution delivers an enhanced data feed into Visa which enables Visa issuing banks and clients to have a more complete picture of expenditure.”
Sandra Alzetta, Executive Director, Core Products, Visa Europe adds: “In working closely with HRG, we are able to offer a resilient and innovative Central Travel Account solution to HRG clients across Europe. Clients will benefit from a highly streamlined payment process that can be consolidated with their other Visa Commercial Card programmes and be fully integrated with their expense management and accounting processes”.
For more information, please contact:
Hogg Robinson Group
Tel: +44 (0) 1256 312 688
Hogg Robinson Group
Tel: +44 (0) 1256 312 671
Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 37 countries across Europe.
Visa Europe is at the heart of the payments ecosystem providing the services and infrastructure to enable millions of European consumers, businesses and governments to make electronic payments. Its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees. Visa Europe is also the largest transaction processor in Europe, responsible for processing more than 16 billion transactions annually – at a rate of 1,622 transactions per second at peak times.
There are more than 500m Visa cards in Europe, while €1 in every €6 spent in Europe is on a Visa card. Total expenditure on Visa cards exceeds €2 trillion annually, with €1.5 trillion spent at point-of-sale.
Since 2004, Visa Europe has been independent of Visa Inc. and incorporated in the UK, with an exclusive, irrevocable and perpetual licence in Europe. Both companies work in partnership to enable global Visa payments in more than 200 countries and territories.
For more information, visit www.visaeurope.com and @VisaEuropeNewsBack to Press Releases