American Express has launched the Corporate Cashback Cards corporate card product, including expense management software and the Amex Expense mobile app; companies can set spending and approval policies for employees and departments, finance teams can view balances and statements, issue physical and virtual cards, and integrate with major ERPs to speed up reconciliation.
Why recommended:The original text provides the software capabilities, annual fee and cashback structure of the Corporate Cashback Cards, allowing readers to evaluate procurement options for mid-market corporate travel expense management based on it.
Expedia Group B2B President Alfonso Paredes said the CarTrawler acquisition closed on September 1, Tiqets has been fully integrated, its activities inventory is live on Expedia's Rapid API, and is in a small-scale test with TAAP in the UK.
Why recommended:Expedia B2B executives disclosed the integration progress of CarTrawler and Tiqets and two partnerships in Australia, allowing observation of its B2B infrastructure strategy.
Long Lake Management has completed its $6.3 billion acquisition of American Express Global Business Travel (Amex GBT), taking it private and delisting it from the New York Stock Exchange, with shareholders receiving $9.50 per share. Long Lake said it will focus on shifting Amex GBT's technology platform toward the era of agentic travel management and will deploy its self-learning AI platform Nexus; Amex GBT said customer account teams, contracts and services will not be disrupted.
Why recommended:The transaction details and subsequent AI integration direction are given together, which can be used to observe the technology investment path of a travel management company after privatization.