But its deals with Concur and American Express this summer, both of whom were already existing partners, point to where travel management is going, not where it has been.
The arrangement with American Express allows virtual card transactions to appear on the BTA – Business Travel Account. The BTA previously did like all lodge cards and carried traditional air transactions while hotel and low-cost air would have been on a separate statement. The ability now to use a Conferma virtual card on any transaction which could also happen via a corporate card needing a CVV means in practice that all transactions can appear on the BTA and, effectively, be on one statement, not two.
The Concur deal similarly integrates the virtual card into the travel and expense platform and business travellers will be able to use Conferma for payments – another step in integration.
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.