Press Release: Grasp Technologies Announces Integration with US Bank
Press Release
Grasp Technologies announces integration with US Bank.
For Release: September 7th, 2022
Grasp Technologies, the leading provider of travel data management and virtual payments, announced today a partnership with U.S. Bank. The partnership will enable clients to leverage the innovation from two strong players in the virtual payment space. U.S. Bank is one of the largest card issuers in North America, and GraspPAY has quickly become a favorite for corporations and TMCs as a virtual payment platform with multiple connections and touchless flows into travel systems.
This agreement allows customers to apply U.S. Bank virtual cards into the global distribution systems and various online booking tools . GraspPAY enables corporations to easily use virtual payments for many types of bookings, including non-employee travel and instant purchase bookings like New Distribution Capability (NDC).
Reconciliation of U.S. Bank virtual cards through GraspPAY provides 100% automated reconciliation, enriched from standard travel data and up to 99 unique device identifiers (UDIDs), including cost centers and GL codes. The information captured could also include traveler employee numbers and departments depending on the chosen workflow.
Grasp Technologies is pleased to bring this collaboration to the travel industry.
For more information, please visit our website at https://www.grasptech.com/contact or call us at 866-278-3821.
About Grasp Technologies: Founded in 1996, Grasp Technologies is the leading provider of travel data management, visualization and payment solutions in the T&E industry. We help TMCs, leisure agencies, Corporate Travel Departments (CTDs) and companies get more data and get more out of their data.
About U.S. Bank: U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses
