SOUTHLAKE, Texas and
SAN FRANCISCO, April 30, 2019 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), a leading technology provider to the
global travel industry, and Visa (NYSE: V), today announced a
partnership to support the growth of business-to-business (B2B)
virtual payments in the travel industry. Under this agreement,
travel buyers and suppliers will be able to pay and get paid with
virtual Visa commercial cards, through the Sabre Virtual Payments
solution.
Sabre's work with Visa combines Sabre Virtual Payments with the
world's leader in digital payments. Through this partnership, Sabre
and Visa's mutual customers can access Visa's virtual B2B payment
solutions, enabling faster, more secure payment options as well as
more control and visibility into individual B2B travel-industry
payments.
"Bringing together Visa's leadership position in digital B2B
payments with Sabre's virtual payment technology and global network
of customers represents a tremendous opportunity to increase the
adoption of B2B virtual payments in the travel industry," said
Wade Jones, president of Sabre
Travel Network. "Sabre's investment in virtual payments and its
integration into existing agency processes makes it quick and easy
for our customers to adopt and use."
"Supporting the expansion of electronic B2B payments in the
travel industry is one of our core focus areas," said Kevin Phalen, global head, Visa Business
Solutions, Visa. "By bringing together Visa and Sabre's
travel-industry capabilities and solutions, we will help further
streamline cash flow and overall finance management practices for
suppliers and buyers, helping remove barriers to transparency in
business payments created by paper-based processes."
Sabre Virtual Payments is the most flexible electronic payment
solution in the travel industry, offering multi-bank, multi-card,
credit and prepaid accounts that allow customers to select the best
payment option to ensure the most favorable payment terms.
About Sabre Corporation
Sabre Corporation is the leading technology provider to the
global travel industry. Sabre's software, data, mobile and
distribution solutions are used by hundreds of airlines and
thousands of hotel properties to manage critical operations,
including passenger and guest reservations, revenue management,
flight, network and crew management. Sabre also operates a leading
global travel marketplace, which processes more than US$120 billion of global travel spend annually by
connecting travel buyers and suppliers. Headquartered in
Southlake, Texas, USA, Sabre
serves customers in more than 160 countries around the world.
SABR-F
About Visa
Visa Inc. (NYSE: V) is the world's leader in digital payments.
Our mission is to connect the world through the most innovative,
reliable and secure payment network - enabling individuals,
businesses and economies to thrive. Our advanced global processing
network, VisaNet, provides secure and reliable payments around the
world, and is capable of handling more than 65,000 transaction
messages a second. The company's relentless focus on innovation is
a catalyst for the rapid growth of connected commerce on any
device, and a driving force behind the dream of a cashless future
for everyone, everywhere. As the world moves from analog to
digital, Visa is applying our brand, products, people, network and
scale to reshape the future of commerce. For more information,
visit
AboutVisa,https://usa.visa.com/visa-everywhere/blog.htmland
@VisaNews.
Contacts:
Media:
|
Investors:
|
Heidi
Castle
|
sabreinvestorrelations@sabre.com
|
682-605-4290
|
|
heidi.castle@sabre.com
|
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/sabre-and-visa-to-expand-b2b-virtual-payments-for-the-travel-industry-300840488.html
SOURCE Sabre Corporation