TreviPay, the Choice Hotels team on in-app payments

TreviPay has entered the world of corporate accommodation, offering its integrated payment solution through a collaboration with Choice Hotels.

“To bring greater simplicity, flexibility and support to the financial management of business travel, TreviPay’s solution allows companies booking business travel with Choice Hotels to select a billing option, so travelers don’t no longer have to present a physical card for payment and that the company receives consolidated invoices for all travelers,” the company said in a press release on Wednesday (April 13).

The company cited the latest forecast from the Global Business Travel Association, which indicated a likely 38% increase in global business travel spending this year as the industry recovers from pandemic travel restrictions and preferences.

The release notes that many of these travelers and businesses are also likely to turn to expense management offerings to avoid having to distribute and manage employee card programs themselves.

“Bringing payment innovation and expertise to the hospitality industry is an important step for the B2B industry,” said Brandon Spear, CEO of TreviPay. “Business customers of participating hotel chains will be relieved of tedious invoice tracking and expense management with Consolidated Hospitality Billing, allowing them to focus on other areas of business growth and development as they go along. that business travel will rebound.”

TreviPay said it offers hotel chains a dedicated financial relationship and expense management through consolidated billing for B2B buyers to help attract business travel customers, representing a market of 111, $7 billion. Choice corporate customers can reserve rooms at checkout with a physical payment card, with all employee stays billed to their company.

Read more: Mitigating the risk of digital fraud to drive B2B business growth

Spear was one of the executives who contributed to the PYMNTS eBook, “Endemic Economics: 32 Payments Execs on the ‘Next Normal’ That Never Happened,” where he spoke about the importance of understanding digital identity theft.

“B2B merchants and manufacturers must be closely in step with the game-changing changes in customer experience, engagement and convenience embraced by the rising digital generation and accelerated by COVID-19,” he wrote. . “As B2B companies continue to expand their online offerings in 2022, supporting payment safety and security remains a key priority in payments innovation.

“Leveraging data and automated anti-fraud solutions to deliver instant decision-making and credit will continue to be an important driver of B2B business growth by strengthening the relationship between buyers and sellers.”

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NEW PYMNTS DATA: THE FUTURE OF BUSINESS SUPPLIER INNOVATION STUDY – APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Find out how all-in-one payment solutions can help businesses streamline B2B transactions and eliminate transaction friction. AP and AR management

On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.

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