Venture capitalist Steve Singh and a group of growth investors have acquired corporate travel management firm Direct Travel. The investors joining Singh in the acquisition include Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners and Blackstone Credit & Insurance, Direct Travel said in a Tuesday (April 2) press release. “Direct Travel sets the...
Regions Bank has debuted a virtual card designed to streamline business travel payments. The bank’s Visa Commercial Pay solution, announced in a news release Monday (Dec. 5), is designed for Regions’ treasury management clients. Regions Bank says the solution lets businesses that use a travel...
Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). The news service said it learned details of the...
Consumerization in the corporate payments space may be no more present than it is in the business travel arena. Employees are naturally using the same technologies and payment tools while they travel for work as they do in their personal lives, and travel managers must...
September 10, 2024
Rhode Island-based regional bank Citizens has partnered with travel and expense (T&E) technology provider Navan to offer a travel management platform to Citizens’ clients. The travel platform includes technology that connects policy with the booking process to allow the use of dynamic policies for each transaction, and corporate cards that provide companies with another layer of policy […]
April 02, 2024
Venture capitalist Steve Singh and a group of growth investors have acquired corporate travel management firm Direct Travel. The investors joining Singh in the acquisition include Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners and Blackstone Credit...
July 31, 2020
Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data,...
July 31, 2018
It’s been 50 years since the U.K. got its first commercial card product, and to celebrate, Barclays released a report highlighting how business spending has evolved in the last half-century....
