Amex already offers its own virtual card product, vPayment, which a client can use to pay for hotel and LCC bookings. This option, however, results in a billing statement separate from the client’s BTA statement that includes full-service air and rail transactions, Conferma commercial manager Nick Reid explained. Sometimes central account-type products are challenging to use with LCCs because of card verification value (CVV) codes, he added, but with Conferma any LCC that can accept a regular corporate card can accept Amex’s enhanced BTA.“Enhanced BTA amalgamates virtual card capability with BTA, meaning Amex clients can use [the] single product across multiple travel types. Over time, virtual cards will start to be used for other service types too, like scheduled air,” Reid said, implying that the enhanced BTA could be a bridge product.
Read the full article here.
About Conferma Pay
Conferma Pay is a global financial technology company. We design and integrate virtual payment systems that provides a more efficient, seamless and secure way to pay for for businesses.
Travel Meets Payment
Conferma Pay was born in Manchester in 2005. Since then we have connected over 700 TMCs, and directly integrate with all the major GDSs and OBTs. Our roots lie in corporate travel payment integration.
We enable our payment providers to flow virtual cards into the preferred purchasing process of any business travel buyer. Crucial to this is our network of banking partners, who have issued virtual cards in over 200 countries, in 40 currencies with over 45 commercial banking partners via all major card networks.
Our ecosystem continues to expand to meet the growing requirements of our global customer base.