Moreover, the card would enable a single use virtual MasterCard number to be issued to consumers. It would charge for airline, hotels or other locations which do not accept Airplus. Transaction and use limits for the card can be set by travel managers ensuring that funds are not misused.
SAP announced in July 2012 that it is working with Airplus to offer NFC mobile payment facilities to business travellers.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.