Currency

Hotels that integrate their accounting systems with VCNs – or Virtual Card Numbers – are providing millions of travelers with quick and easy check-in and check-out service. To help you provide that kind of top-notch customer service, we have compiled...

As a Travel company that wants to ensure both its success with growth and positive reputation, it's important to work with partners who solidify those attributes for and with you, particularly when it comes to financial management and transactions. As...

Around the world, the use of cash is shrinking. Consumers and businesses are choosing to make virtual payments because it’s faster, easier and safer. And some governments have decided that moving their citizens away from cash benefits all.  Cash was...

International travel, worldwide, has been on an upward trend for more than twenty years. And a recent report from Skift shows that even with a slight slowdown in growth, international travel is predicted to double in the next decade and...

Travel experts are running out of adjectives to describe China’s sustained growth in both inbound and outbound travel. The numbers tell the story. China Outbound Tourism Research Institute (COTRI) is forecasting an 11% increase in travel this year, bringing the total...

For many travel companies across the globe international supplier payments are a necessary requirement of doing business. But foreign currency transactions come with an inherent risk and potential cost implications. Factors that influence currency market movements Traditionally economic announcements –...

For the travel company of today catering to the needs and tastes of customers is vital to business success. In order to give customers what they want it is important that travel companies have the right mix of booking options,...

For companies today managing cash flow and working capital is often a challenge with the need to manage the monetary requirements of your own business against the need to pay suppliers according to agreed timelines. The method you choose to...

Making payments always affects a company's cash flow and corporate budgeting and money management. Doing business internationally inevitably adds further complication with fluctuations in foreign exchange rates having an impact. For companies in the travel industry who often can't escape...

Money is money, whether it's US Dollars, British Pounds, Euros, Thai Baht, Swiss Francs, Norwegian Krone or another currency. But each form of money is only legal tender in certain countries, making conversions from one form to another—foreign exchange—essential to...