Impending EU Regulations Could Pose Hurdles for Corporate Cards: Business Travel News

Proposed European Union rules for beefing up card security could make the booking and payment processes that occur through travel management companies and online corporate booking tools unworkable, AirPlus International has warned. The second Payment Services Directive is scheduled to take effect in January 2018. AirPlus managing director Patrick Diemer described the relevant section as “not feasible,” telling BTN, “At the moment, it is completely unclear how we can implement this.” Diemer added that the corporate payments industry is united in its opposition. “We have spoken to American Express, MasterCard and Visa, and they all see the same problem and are advocating for the same thing,” he said.

Sourced through Scoop.it from: www.businesstravelnews.com

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