Jeeves, a global FinTech company offering expense management and corporate card solutions, has launched a new Embedded Finance solution aimed at enhancing the way travel companies in Brazil manage payments and reduce fraud.
The rollout of this product comes as a response to long-standing issues in corporate travel management, according to the Paypers.
With high fraud rates and poor traceability affecting financial reconciliation in Brazil, companies have struggled to track and control expenses effectively.
Jeeves’s new solution is designed to address these inefficiencies by offering greater control and security over payment processes.
Founded to streamline expense management and corporate payments, Jeeves provides an all-in-one financial platform enabling businesses to manage spend across borders, currencies, and subsidiaries.
The firm operates in multiple global markets, offering services including physical and virtual corporate cards, credit lines, and software tools for spend tracking and reporting.
The new product from Jeeves is centred on Virtual Card Numbers (VCNs), digital payment cards generated for single-use or short-term transactions. With pre-set expiration dates, spending caps, and custom restrictions, these VCNs reduce the risk of fraud, cyberattacks, and data misuse.
This makes the platform especially valuable for companies handling hotel and airline bookings.
The Embedded Finance solution allows travel agencies and tour operators to integrate Jeeves’s system directly into their platforms via API. This integration enables full autonomy in issuing VCNs and managing transaction data, thereby improving reconciliation processes and boosting operational efficiency.
Further enhancing its offering, Jeeves includes an unlimited cashback incentive for companies using the platform, providing financial benefits on travel-related expenses. A dedicated integration support team is also available to assist businesses in deploying the system securely and efficiently.
According to the company, this initiative was launched in response to the complexity and risks associated with corporate travel payments in Brazil’s growing ecommerce-driven fraud landscape.
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