TRIPACTIONS
In-Person Connections to Move Businesses Forward | TripActions Most of these solutions didn ’ t exist five years ago . But recently , a number of great fintech infrastructure companies like Stripe , Plaid , and Modern Treasury have changed how we think about issuing , acquiring , and bank integrations . “ It ’ s helpful to have access to these offerings as we reinvent the idea of expense management as we know it ,” Gandhi says .
Strategic partnerships TripActions partnered with Stripe as the issuer processor , a key component of the system . Having a modern issuer processor allows decision making to occur at the moment an employee swipes a card . “ We can immediately check on a few things ,” says Gandhi , “ such as where the employee is located , based on their travel booking and the location of the merchant ; who the employee is with , based on their calendar ; and what that employee is allowed to spend , based on their policy .” With Stripe , these checks happen in milliseconds as transactions occur , allowing the TripActions system to make approval decisions dynamically , instead of setting controls beforehand .
Having a global card network also helped TripActions reach customers and secure transactions . The company uses the Visa
54 August 2021