Expedia.com Expedia Corporate Travel Now Offers MasterCard Corporate Cards

BELLEVUE, Wash., August 2, 2004 - Expedia® Corporate Travel, a full-service travel management company operated by Expedia, Inc., today announced the availability of its new Expedia® Corporate Travel Business Charge and Credit Cards, offering its customers another means of lowering their travel and entertainment (T&E) expenses. Businesses or individual cardholders can also take advantage of new Expedia® Corporate Travel Rewards Program options to earn valuable rewards for making company purchases using their cards.

The Expedia® Corporate Travel Business Cards can help save time and money as corporate travel managers are able to consolidate company expenses, giving them control and visibility of employee-related purchases. In addition, companies can place a variety of spend limits on each card including merchant category restrictions and purchase limits.

"These business cards are one more example of how we fulfill all aspects of corporate travel,"said Matt Hulett, president of Expedia® Corporate Travel. "We continue to deliver what our customers are asking for, with a focus on lowering their overall travel costs."

Expedia® Corporate Travel Business Cards can be used at 22 million MasterCard merchant acceptance locations worldwide. They include valuable cardholder benefits such as rental car insurance, travel assistance services, purchase assurance and extended merchandise warranty. The card programs are serviced under an agreement with GE Corporate Payment Solutions, the corporate card unit of GE Consumer Finance, which develops and markets corporate bank cards and e-settlement tools designed for companies and organizations. Cards are issued by GE Capital Financial Inc.

"Expedia and GE have leveraged the MasterCard corporate payments platform to deliver an innovative suite of charge and credit card programs for business expenditures,"said Steve Abrams, senior vice president, Corporate Payment Solutions, MasterCard International. "The programs are well-suited for organizations seeking improved expense management, greater cost efficiencies, and individualized reward benefits.