The Payment Services Directive (PSD2), which is currently being drafted in the EU, is expected to enter into force in January 2018. Strong Customer Authentication, developed to secure remote payments for consumers, threatens to scrap the travel account as a payment solution for businesses if it is extended to B2B transactions.
Amon Cohen writes on the subject Business Travel News.
The GBTA statement to the EU Commission, Parliament and Council, contributed by the FBTA, is available at. here.