Virtual Cards and Straight-Through Processing Set ...

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. As Nick Reid, director of B2B Partner Development at Conferma Pay, told PYMNTS, though not new, STP — which routes card payments and data automatically to suppliers and sidesteps manual processes — is increasingly being combined with virtual cards

Goodbye Plastic: Corporate Card Spend Set For Virt...

For all the pain and loss the pandemic has inflicted on the world this year, it’s refreshing to hear something positive associated with COVID-19.   Reid said the outbreak has forced companies to acknowledge the need for B2B payments, and he predicts that the migration currently underway will be long-lasting. “I don’t think there was ever

Visa, Conferma Pay: Digital-First CFOs Demand Spee...

  When the pandemic hit, disruptive changes in the workforce meant chief financial officers needed new corporate payment solutions — and they needed them fast. But for B2B payment solution providers, the need for speed was coupled with another challenge: Technologies had to be built to address new and emerging use cases as payment scenarios

Travelling for business made easier through new jo...

When traveling for business in this new era for travel, the last thing a corporate traveler wants is to think about how to pay for the trip or hotel stay. It needs to be easy and automated rather than a stressful experience. This is why Amadeus, Booking.com and Conferma Pay, have partnered together to allow

Virtual Cards Help Companies Manage Spend In Real ...

Businesses across the globe are making radical changes to adapt to the digital-first environment emerging in the wake of the pandemic. Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise

Mobile Payments Start A Revolution in Corporate Ca...

Might mobile payments help revolutionize corporate cards?  David Wood, director of products at Conferma Pay, told PYMNTS in a recent Masterclass that mobile payments are increasingly becoming an essential component of the business payments landscape, providing a “consumersation” experience for business essentials, and will inevitably lead to a change in the corporate card environment. It’s been

Nick Reid: Cash(flow) Is King

The B2B payments industry is witnessing a shift in mindset amongst corporate buyers and their supply chains. Whilst this transformation has undoubtedly accelerated because of COVID-19, in my experience the pandemic is not the only catalyst. Late payments has always been one way for buyers to preserve working capital but of late – no pun

Nick Reid on: Being Accountable: Virtual Cards Enc...

There are hidden costs in accounts payable processes undertaken through traditional means – and some of those costs are not necessarily transparent. As Nick Reid, director of B2B partner development at Conferma, said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs. Reid noted that, although there are no upfront fees

Conferma Pay Connect Shortlisted As Best Technolog...

Since its introduction in 2017, the Conferma Pay Connect service has helped virtual payment shed its out-dated reliance on fax, making secure email communication widely available and encrypted API connection easily accessible. It now communicates virtual card details to over 50,000 suppliers globally, sending over 65% of payment communications electronically. In today’s digital world, reliance on

Visa Commercial Pay Brings Virtual Card Capabiliti...

Virtual commercial cards have never been more necessary than today. Remote workers are turning to personal cards to pay for corporate expenses, buyers and suppliers need more efficient ways to pay and get paid, and businesses need immediate visibility into their company spend to improve cash flow and mitigate risk efficiently. Visa Commercial Pay provides