Banco Nacional de México and MasterCard Worldwide have launched Centralized Travel Solution (CTS), a new platform especially designed to control and reduce traveling expenses, compatible with the services offered by travel agencies in Latin America and the Caribbean.
CTS is based on a Banamex MasterCard Empresarial ‘virtual card’ that allows companies to defray traveling expenses, and offers an array of benefits to business executives who constantly travel domestically and abroad. This card is a multinational product and is currently available in Mexico.
It has reported that by using this ‘virtual card’ companies can control of their traveling expenses, use it to purchase travel tickets for hotel accommodations, car rentals, and other entertaining services.
The company said that, with CTS clients can eliminate software updating expenses, improve their cash flows, and have access to the best prices by automating payments and reducing credit limits of individual accounts’ travel and entertainment expenses, among other features.
Catalina Meza, vice president of corporate products for MasterCard Mexico, said: “At MasterCard we are always attentive to market needs, and being aware of the economic situation that nowadays prevails around the world, we decided to launch CTS in Mexico jointly with Banamex. This unique solution, mainly developed to support the economy of companies, integrates a series of tools that will help clients better control their budgets, reduce operating expenses and, as a result, get more savings.”
