Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

IBM Virtual Cards Final

No description
by

Péter Lendvay

on 16 March 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of IBM Virtual Cards Final

Suppliers
Employees
No physical card
Single use card
Unique number (16 digits)
Predefined amount

Predefined Time Period

Business Travel
Global Application/Usage of "Virtual Card" Payment Process for Business Travel
Virtual Card
Team
Monika Hernychová
Bálint Herédi
Gergely Vörös
Péter Lendvay
Information Engineer
Information Engineer
Information Engineer
Socioeconomist
Data reconcilation
Security problems
Complicated
Expensive
Not controlled
What is our project?
What are the problems with business travel nowadays?
Could virtual card be the solution?
Is it worth for IBM to provide it?
Why is it worth using for companies?
Why is the
Virtual Card
good?
Provide
Use
Cheap
Easy to use
Safe
Better controlling
Data reconcilation
Profitable
Thank you!

If you have any questions
feel free to ask or send us an
e-mail.

heredibalint@gmail.com
petlendvay@gmail.com
vgery16@yahoo.com
hernychovamonika@gmail.com

Virtual Card
Project IBM
Master Card
VISA
Google Wallet
Apple Pay
Banks
PayPal
Global VCard
Carlson
Wagonlit
Travel
WEX Inc.
Other payment solution
Partner?
Partner?
Competitor
Competitor
Competitor
TRAVEL competitor
TRAVEL competitor
TRAVEL competitor
Partner?
Customer
Customer
Project Manager
Quality
Assurence team
SW developers
Business Analyst team
QA
team leader
4
analysts
SW developer
team leader
10
developers
BA
team leader
2
analysts
Assistant
Virtual Card project costs:

India - $1 231 000
Hungary - $2 602 000
USA - $6 316 000

30%
100%
20%
100%
100%
50%
50%
100%
2000 Project Hours

Number of people on the position * Man-hours for specific position * costs per hour
Risk Analysis
90%
70%
50%
30%
minor
moderate
significant
severe
Conclusion
Cheaper
Safer
Profit for IBM
Better controlling
Future
More strengths, than weaknesses
Is it truly Global?
China
India
Latin America, Brazil
Not yet for travel payments but promising
Just online payments
For travel payments not yet but promising
Just online payments
500$
300$ - back to the company
-200$
______
-> new card with 300$ on it
Entrance of virtual payments on Brazilian market announced
Limited information
November 2014
The Agricultural Bank of China
September 2014
State bank of India
Shmart!Pay Mobile Card
April 2013
WEX Travel Company
(World Travel Market)
December 2013
Sabre Company
No final announcement
IBM management
Companies
Budding phone payments (November 2014)
What can be Virtual Card used for
Security
Better Payment Control
Easy to use
Data reconciliation
Short expiration date
Large Investment
Increasing amount of partners
Increasing amount of services
Large competitors
Limitation of suppliers
Lack of trust of service providers
Security
- Certain period of time
- Predefined amount of money
- Unique Number
- SMS notification
-
Single use card
- Predefined services to spend on
- PIN code (CVV)
For Smartphone users :
- Finger Print
- Lock your Smartphone
Single travelers
American Express
Partner?
Shop online
Make and recieve online payment
Airline
Accomodation
cost
Car rental
Partner invitation
Opinions
Bálint
No physical card
Single use card
Unique Number (16 digits)
Predefined amount
Limited what to spend on
What is our solution
82%
73%
64%
believe they waste time managing data from multiple sources
have challanges reconciling differences in reports
due to data formatting
do not trust that they have complete data to calculate the total cost of a trip
2012 Survey
Gergely
Péter
Monika
442.000 hours
Waste
$22.7 millions
Effective use of electronic payment systems, designed specifically for corporate travel, can help companies
control travel spend and save money.
-200$ - new card with 200$ on it from company's account
______
0$ - technically, 300$ left from the limit
0$ - technically, 500$ limit
Waste
money
People
Environment
loose credit card
buy unnecessary things
no control
no database
Spool
Machine
ATM out of order
Measurement
training
Slow administration
Bank card out of order
uncontrolled payment
no money limit
Method
how much does a travel cost
Full transcript