U.S. Bank has inked a major deal with Adelman Travel, through which Adelman will offer U.S. Bank’s suite of corporate payment products, including its virtual payment technology, to corporate payment clients.
Under the agreement, U.S. Bank’s industry-leading global payment tools will be integrated with Adelman’s booking and back-office solutions. This will enable mutual clients to leverage Adelman’s managed travel solutions and U.S. Bank’s payment products, including corporate cards, purchasing cards, central billing accounts, e-payables and single-use virtual cards.
As part of the agreement, U.S. Bank’s virtual payment solution will be made available to joint clients with no additional fees. Additionally, the U.S. Bank virtual card spend will be uniquely incorporated into a company’s entire card program spend, resulting in increased rebate earnings.
The Adelman Travel agreement was one of two announced by the bank at this week’s Global Business Travel Association (GBTA) conference. The second announcement was a strategic agreement with Chrome River Technologies.
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