European companies failed to reclaim $16.5B in bus...

Across Europe, corporates can reclaim VAT on employee travel expenses for business trips, including transport, meals and accommodation.  Yet during a period where the rate of inflation exceeds 8% in many markets, and central banks are embarking on significant tightening of monetary policy, businesses are missing out on vital profitability by failing to reclaim VAT.

Conferma Pay launches Carbon Reporting

Against this backdrop, payments leader Conferma Pay is seeking to leverage the technological innovations of virtual cards to launch an industry-first capability. Dubbed ‘Conferma Carbon Reporting’, the system offers a unique ability to capture a precise record of airline, hotel and all on-trip spend, including the likes of taxis or meals, in a single end-to-end

Conferma Pay and Boost Payment Solutions Team up t...

Conferma Pay, the leading B2B virtual payment platform, today announced a strategic collaboration with Boost Payment Solutions, Inc. (Boost), the leader in optimizing the use and acceptance of commercial cards,  providing Conferma Pay’s network of issuers and card holders with payment flexibility via Boost’s proprietary straight-through processing (STP) solution, Boost Intercept®. The global B2B payments

GlobalStar Travel Management and Conferma Pay anno...

Conferma Pay was founded in 2005 and combines innovation and expertise to push the boundaries of what can be achieved in the world of virtualized business payments. Conferma Pay have revolutionised the traditional direct bill or billback offerings from a labour intensive process to an automated and data rich proposition for our Travel Partners. This

Will we ever get back to business travel as usual?

Business travel is a sizeable market in its own right, worth an estimated US$1.4tn annually and supporting an estimated one-in-seven jobs worldwide.1 But it also has an outsize influence on the fortunes of the wider travel industry. For example, while business travellers only account for around 10% of passengers on the major airlines, they account for

Conferma Pay expands role as an SAP Concur partner...

Today, businesses struggle to onboard new suppliers quickly and do not have the tools to control payments made by colleagues working from home. The new integration of Conferma Pay with Concur® Invoice helps to solve these challenges by allowing businesses to pay suppliers using virtual cards, rather than legacy checks or bank transfers. When a

Virtualized B2B Payments: Poised To Kill The Paper...

   For B2B payments, the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too.  To that end, in an interview with PYMNTS, Darren Blair, head of B2B payments at Conferma Pay, said virtual payments can alleviate pain points for buyers and suppliers that have grappled with

Conferma Pay hires Neil Fyfe for North American pu...

Neil Fyfe was most recently the Vice President of Global Accounts Technology at Sabre Corporation, the travel technology company, where he was responsible for pioneering the company’s successful move to offer virtual payments solutions to hotels, airlines and rail operators. Virtual card technology first emerged in travel, where the ability to more accurately reconcile payments

NTT DATA and Conferma Pay Bring Digital Virtual Pa...

Optimizing the payment experience for both guests and hotel staff has never been more relevant than today. Before the pandemic, streamlining payments for the hospitality industry was mainly about managing costs. Right now, safe, touchless experiences are a pre-requisite and a shared responsibility across the whole of corporate travel management. It has become crucial to

Virtual Cards Drive Consumerization Of B2B Payment...

Historically, corporate travel and expense (T&E) management has been viewed as an entirely separate function from other B2B payment workflows. With employees seeking to use company cash in the same way they make purchases in their personal lives, T&E has experienced rapid consumerization of workflows compared to other areas of B2B payments, like accounts payable (AP). But the B2B