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Visa International introduces the Visa Central Travel Account Program throughout Latin America and Caribbean, a special corporate card account designed to provide companies with greater control over travel expenses and more efficiency in the accounting and reconciliation processes.

The product works through a corporate account set up to reside within the travel agency, with no requirement for card issuance. The account is issued by Visa Member Banks to their corporate clients allowing them to make air ticket purchases and pay for hotel stays and automobile rentals worldwide via its account network.

Among the benefits that the Visa Central Travel Account program offers to companies are cash flow optimization and web based tools to track expenses. In addition, they can also offer their employees added services, such as international traveler accident insurance.

This innovative program--a payment solution that complements the Visa Corporate card--is now being offered in Argentina, Brazil, Chile, Colombia, Mexico and Venezuela.
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