{"id":1087,"date":"2017-09-01T19:27:40","date_gmt":"2017-09-01T19:27:40","guid":{"rendered":"https:\/\/worldgo.ca\/newsite\/?p=1087"},"modified":"2019-08-16T13:02:42","modified_gmt":"2019-08-16T13:02:42","slug":"virtual-payments","status":"publish","type":"post","link":"https:\/\/worldgo.ca\/newsite\/virtual-payments\/","title":{"rendered":"Virtual Payments. Reducing Risk and Increasing Efficiency"},"content":{"rendered":"<h2><span style=\"font-family: tahoma, sans-serif;\"><u>Virtual Payments. Reducing Risk and Increasing Efficiency<\/u><\/span><\/h2>\n<p><span style=\"font-family: tahoma, sans-serif;\">In the early 1920&#8217;s and long before virtual payments, oil companies and department stores issued personalized metal placards embossed with the names and account numbers of their customers. These &#8216;charga-plates&#8217; were processed and managed through the Flatbush National Bank in\u00a0Brooklyn and went on to become the world&#8217;s first credit cards, setting in motion a new trend in convenient payment methods.<\/span><\/p>\n<figure id=\"attachment_1089\" aria-describedby=\"caption-attachment-1089\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1089 size-medium\" src=\"https:\/\/worldgo.ca\/newsite\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-08-30-at-1.54.51-PM-300x194.png\" alt=\"Virtual Payments\" width=\"300\" height=\"194\" srcset=\"https:\/\/worldgo.ca\/newsite\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-08-30-at-1.54.51-PM-300x194.png 300w, https:\/\/worldgo.ca\/newsite\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-08-30-at-1.54.51-PM.png 616w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-1089\" class=\"wp-caption-text\">An example of an early &#8216;Charga-plate&#8217;.<\/figcaption><\/figure>\n<p><span style=\"font-family: tahoma, sans-serif;\">By the year 2000, credit card payments had eclipsed $12 trillion in transactional value in the USA alone and were becoming rapidly overexposed to issues regarding misuse, fraud, and compliance. With this amount of easily accessible risk, innovative organizations are now turning to virtual payments as a viable solution to traditional multi-use payments methods. Multi-use cards allow criminals and opportunistic employees to use one number to purchase many things. Virtual payments solve this security issue by requiring a one-time number per specific transactional event.<\/span><\/p>\n<p><span style=\"font-family: tahoma, sans-serif;\">Virtual Payments are ideal for business managers, travel consultants and corporate travel managers seeking both protection against fraud, and assurance that a travel purchase has been approved. There is no port-trip reconciliation required, which saves accounting time and reduces human error.<br \/>\n<\/span><\/p>\n<h2><span style=\"font-family: tahoma, sans-serif;\">The highlights of Virtual Payments include:<\/span><\/h2>\n<ul>\n<li><span style=\"font-family: tahoma, sans-serif;\">Account Numbers that are generated instantly to pay for a specific transaction<\/span><\/li>\n<li><span style=\"font-family: tahoma, sans-serif;\">Controls can be placed on the card such as credit limit, effective dates, and merchant category codes<\/span><\/li>\n<li><span style=\"font-family: tahoma, sans-serif;\">Merchants cannot run the card for more than the intended amount<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: tahoma, sans-serif;\">Virtual cards offer a simplified, expedited and more\u00a0secure\u00a0purchase process<\/span><\/li>\n<li><span style=\"font-family: tahoma, sans-serif;\">Virtual Cards are no different than \u201cwalking plastic\u201d<br \/>\n<\/span><\/li>\n<li><span style=\"font-family: tahoma, sans-serif;\">Reporting and reconciliation is made easier<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: tahoma, sans-serif;\">As big believers in transparency, automation, and best practices,\u00a0Worldgo\u00a0Travel is proud to offer our clients Virtual Payment processing. Eric Sakawsky, CEO of Worldgo\u00a0Travel says &#8216;We use WEX as our virtual payment processor. They&#8217;re an industry leader in this space, and process upwards of $44B in annual payments, and their technology works seamlessly with ours.&#8217;<\/span><\/p>\n<p><span style=\"font-family: tahoma, sans-serif;\">Making sound operational decisions is important to any size business, this includes owning greater control over your risk. Let&#8217;s chat about how we can include Virtual payment into your business goals and help you sleep at little easier.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virtual Payments. Reducing Risk and Increasing Efficiency In the early 1920&#8217;s and long before virtual payments, oil companies and department stores issued personalized metal placards embossed with the names and account numbers of their customers. These &#8216;charga-plates&#8217; were processed and managed through the Flatbush National Bank in\u00a0Brooklyn and went on to become the world&#8217;s first <a class=\"read-more\" href=\"https:\/\/worldgo.ca\/newsite\/virtual-payments\/\">Read More<\/a><\/p>\n","protected":false},"author":8,"featured_media":1090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Small Business Travel | Corporate Travel Companies<\/title>\n<meta name=\"description\" content=\"Expedited, simplified, and a more secure way to process purchases, Worldgo&#039;s corporate travel management proudly offers our clients an option to use Virtual Payment processing. As an industry leader in this space, WEX is perfect for your small business travel, and the technology works seamlessly with ours.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldgo.ca\/newsite\/virtual-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Business Travel | Corporate Travel Companies\" \/>\n<meta property=\"og:description\" content=\"Expedited, simplified, and a more secure way to process purchases, Worldgo&#039;s corporate travel management proudly offers our clients an option to use Virtual Payment processing. As an industry leader in this space, WEX is perfect for your small business travel, and the technology works seamlessly with ours.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/worldgo.ca\/newsite\/virtual-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"Worldgo\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Worldgo-Travel-Management-1570531843194876\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-01T19:27:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-16T13:02:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/worldgo.ca\/newsite\/wp-content\/uploads\/2017\/09\/freddie-collins-309833-1024x683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eric Sakawsky\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@worldgoTM\" \/>\n<meta name=\"twitter:site\" content=\"@worldgoTM\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eric Sakawsky\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/worldgo.ca\/newsite\/virtual-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/worldgo.ca\/newsite\/virtual-payments\/\"},\"author\":{\"name\":\"Eric Sakawsky\",\"@id\":\"https:\/\/worldgo.ca\/newsite\/#\/schema\/person\/71cff02b7b5af032c2c8c1a8fd5eab97\"},\"headline\":\"Virtual Payments. 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