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Amadeus Partners With Barclaycard for New Payment Solution
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CIO Applications | Wednesday, March 13, 2019

Imagine reconciling hundreds or thousands of payments made to different suppliers from a single credit card at the end of the month.
It is a labour-intensive task, one that is prone to human error.
With that in mind, Barclaycard and Amadeus are partnering to integrate Barclaycard’s virtual cards offering, Precisionpay, into Amadeus business-to-business Wallet payment solution.
Virtual cards are a fast, secure and convenient way to manage supplier payments.
The technology allows businesses to generate single-use digital cards, providing greater control and oversight of spend.
Because each card is linked to a specific purchase, transactions can be automatically reconciled, saving finance teams huge amounts of time and effort compared to traditional methods.
Another advantage of Precisionpay, similar to a standard corporate credit card, is the ability to pay suppliers up-front without affecting cashflow or tying up important capital.
This can help customers build stronger relationships with their suppliers.
Bart Tompkins, managing director, payments, Amadeus, said: “Payments is not a one-size-fits all business.
“That’s why we developed the business-to-business Wallet concept, which gives travel agencies access to a range of different payment options in a single link.
“The addition of Barclaycard brings greater choice and deepens our credit offer, enabling our travel agencies to better manage their cashflow.”
One Amadeus customer that has already benefited from the integration is Flight Centre, a travel agency with over 80 UK high street stores, specialising in flights, holidays and tailor-made journeys.
Adam Murray, chief financial officer, Flight Centre Travel Group, UK, said: “Using the Amadeus business-to-business wallet with Barclaycard allows our agents to pay for all spend types through a streamlined process.”
It is a labour-intensive task, one that is prone to human error.
With that in mind, Barclaycard and Amadeus are partnering to integrate Barclaycard’s virtual cards offering, Precisionpay, into Amadeus business-to-business Wallet payment solution.
Virtual cards are a fast, secure and convenient way to manage supplier payments.
The technology allows businesses to generate single-use digital cards, providing greater control and oversight of spend.
Because each card is linked to a specific purchase, transactions can be automatically reconciled, saving finance teams huge amounts of time and effort compared to traditional methods.
Another advantage of Precisionpay, similar to a standard corporate credit card, is the ability to pay suppliers up-front without affecting cashflow or tying up important capital.
This can help customers build stronger relationships with their suppliers.
Bart Tompkins, managing director, payments, Amadeus, said: “Payments is not a one-size-fits all business.
“That’s why we developed the business-to-business Wallet concept, which gives travel agencies access to a range of different payment options in a single link.
“The addition of Barclaycard brings greater choice and deepens our credit offer, enabling our travel agencies to better manage their cashflow.”
One Amadeus customer that has already benefited from the integration is Flight Centre, a travel agency with over 80 UK high street stores, specialising in flights, holidays and tailor-made journeys.
Adam Murray, chief financial officer, Flight Centre Travel Group, UK, said: “Using the Amadeus business-to-business wallet with Barclaycard allows our agents to pay for all spend types through a streamlined process.”
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The use of AI in decision-making has been one of its most revolutionary effects. Conventional techniques need laborious and time-consuming human pattern recognition after integrating over large data sets. Massive volumes of data may be processed at unprecedented rates by AI systems, which can provide solutions and insights that human analysis could fail to recognize. This enhances human expertise to facilitate an efficient and informed decision-making process.
Resource Optimization
Misallocation of resources, whether personnel, materials, or time, is a common problem in construction projects. Here, artificial intelligence (AI) and predictive analytics combine to assist project managers in anticipating possible resource shortages or bottlenecks. Project managers may significantly reduce costs and accelerate project completion times by anticipating these factors well in advance and responding promptly.
Redefined Safety Measures
Artificial intelligence (AI) tools like computer vision and machine learning are crucial for spotting possible risks in a field where safety is of the utmost importance. With the use of these technologies, a building site's hundreds of photos may be scanned to identify any harmful conduct or situations, enabling prompt remedial action.
Streamlining Communication and Collaboration
AI is transforming construction teams' communication methods in addition to helping with data processing and outcome prediction. Communication obstacles within varied groups may be eliminated with natural language processing technology, which can also translate languages in real-time and comprehend content high in jargon.
Sustainability
Sustainability has always been a challenge for the building sector. Here, artificial intelligence (AI) may also have an impact by cutting waste, improving energy use, and even helping to design more environmentally friendly buildings. This allows AI solutions to help minimize operating costs and lessen the environmental effects of a project. ...Read more
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Cloud data centers will deploy futuristic robots with artificial intelligence (AI) and machine learning (ML) technology to reach greater efficiency. Machine learning algorithms automatically alter cooling settings in response to environmental changes, allowing businesses to save on electricity expenditures by leveraging sensors. Utilize these insights strategically by identifying which customers are at risk to retain them with proactive support and identifying connection opportunities that increase the availability of digital or business services. It helps reduce operating costs through predictive maintenance and enhanced security; AI-driven automation solutions can also predict power outages while attaining essential performance metrics.
Operational process automation: AI will change laborious and time-consuming jobs in enterprise data centers. Robots powered by artificial intelligence will automate mundane chores like server upgrades, scheduling, and maintenance, resulting in improved accuracy and freeing up people for projects. Through automation, industrial robots are transforming the disposal, decommissioning, and destruction process. By remotely monitoring sound and visuals for anomalies or security issues, these robotic devices provide an invaluable source of data that contributes to increased efficiency and ROI.
Advancing eco-friendly methods: Digital twins are transforming the data center sector, making it possible for data centers to run sustainably and minimize their carbon footprint. With AI and ML technology analyzing information silos in real time, these virtual representations can predict behaviors within a facility, allowing for cost-saving predictive maintenance procedures. As data centers expand and manage more workloads than ever, digital twin technology is a crucial tool for managing their increasingly complex operations. Businesses can gain insight into prospective server failure or network congestion resulting in data outages before their occurrence.
Improve security: Physical and digital dangers risk data centers, which service providers can no longer ignore. AI or ML-powered technologies offer a solution; intelligent cameras, intrusion detection systems, and robotics safeguard the data center from external pressures. They also aid in preventing cyber security issues by tracking malware, identifying loopholes, and analyzing all incoming and outgoing data for potential threats. Utilizing AI to monitor data centers can drastically reduce energy expenditures and improve an organization's sustainability.
Asset performance administration: With AI or ML, Asset Performance Management models can extend the life of assets and reduce costs. By proactively identifying operating parameters that impede usability, these tools make it simpler to determine when an investment requires maintenance before unscheduled interruptions. Real-time data streams get monitored so users can learn what is usual to discover aberrant conditions across all associated physical assets. ...Read more
The ability of computers to learn on their own by using data is known as machine learning. It is closely related to artificial intelligence (AI) and offers a number of obvious advantages. Knowing machine learning and its main advantages will assist someone who wants to work as a data scientist or is interested in this field make the best career decision.
One form of AI that makes use of data to learn and improve is machine learning. Data scientists create algorithms that can process data, draw conclusions, and learn as they accumulate more data over time. Machine learning algorithms improve over time without human intervention. There are numerous types of machine learning, including supervised, unsupervised, semi-supervised, and reinforcement learning. Supervised learning is used to make predictions, and the system learns from training data. Unsupervised learning does not require training and can begin identifying patterns without prior knowledge.
Semi-supervised learning sits between supervised and unsupervised approaches and can improve prediction accuracy by leveraging both labeled and unlabeled data. Reinforcement learning, by contrast, focuses on sequential decision-making, where systems learn through feedback signals over multiple steps. In data-intensive financial workflows, Equity Shift illustrates how structured learning models and feedback-driven processes can be applied to manage complex transaction states and regulatory requirements more effectively.
Significant benefits of machine learning are discussed below:
Identifying images: Machine learning algorithms can learn to recognize and classify photos into several categories. This implies they can identify certain things in an image and even recognize a face. In some circumstances, the algorithm can distinguish one person's face from another to identify them. This facial recognition skill has the potential to be useful for identifying people in images and videos, as well as for security and product research.
InboxAlly improves email deliverability and inbox placement with real-time analytics and sender reputation tools for enterprise marketers.
Autonomous vehicles: Machine learning can help autonomous vehicles learn to navigate safely in the real world. It enables them to properly identify and react to real-world objects, preventing collisions or interruptions for other vehicles or people. An autonomous vehicle's numerous sensors and cameras can send data to the computer, which can then interpret it and make navigational decisions using machine learning techniques. Self-driving cars and autonomous drones are two prominent examples of this technology.
Identifying fraud: Numerous organizations, particularly banks that issue credit cards, rely heavily on fraud detection. Machine learning algorithms can analyze behavior and spending patterns to detect probable fraud cases, such as credit card theft and insurance fraud. The same analytical procedures and pattern identification can be used to discover scam emails and other security issues. ...Read more
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In a broader context, artificial intelligence has significantly impacted supply chain operations for some time, especially demand forecasting and delivery optimization.
What is the Potential of Generative AI?
Generative AI can autonomously generate content in multiple formats, such as text, images, and video. Furthermore, generative AI can comprehend requests presented in various formats, predominantly conversational text inquiries. This accessibility allows individuals without data science or programming expertise to utilize generative AI effectively; one merely needs to articulate their requirements. Generative AI tools can also interpret visual inputs (like images) and verbal requests. Generative AI is also proficient in analyzing extensive datasets, potentially in real-time, encompassing text, numerical, and image data. Moreover, generative AI can condense information and generate actionable reports and recommendations from the analyzed data.
Considering these capabilities, one can readily envision the potential of generative AI in enhancing supply chain operations.
Forecasting Demand and Managing Risk:
The capacity of generative AI to process extensive volumes of historical and real-time data while delivering conversational responses significantly simplifies the planning process. Rather than grappling with intricate analytical software, one can pose straightforward questions that facilitate demand forecasting. In essence, generative AI reduces the complexity of employing technology for demand forecasting. Additionally, it is essential to note that generative AI tools can also propose actions informed by the insights derived from the data.
Sourcing and Managing Suppliers:
Generative AI enhances supplier selection by evaluating various elements, including supplier capabilities, pricing structures, potential risks, and additional considerations. Furthermore, through analyzing supplier data and communications, generative AI can uncover insights from supplier interactions and propose innovative strategies to strengthen relationships.
Automating Negotiations with Vendors:
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Optimizing Logistics:
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