Conferma Pay and Ramp announce partnership to modernise virtual card payments

Conferma and Ramp partnership
The collaboration between Ramp and Conferma Pay seeks to deploy innovative virtual payments technology for the US market, saving businesses both time and money.

Conferma Pay and Ramp have announced a new partnership which combines Ramp’s leading finance automation platform with Conferma Pay’s established network of travel management companies (TMCs) and other connected platforms. Powered by Conferma Pay’s virtual card technology and enhanced with Ramp’s reach and versatility, the collaboration offers a seamless payment platform that can work with any bank account to unlock new capabilities.

This new partnership extends virtual card capabilities directly into the point of sale to enable fast and secure payments, while automating manual processes for the customer. With this joint solution, travel management companies will be able to provision Ramp cards for hotel bookings and other travel spend on an employee’s behalf, including via centralized and one-time use virtual cards.

The solution is available to the 700 travel management companies in Conferma Pay’s extensive network. These businesses will have access to Ramp’s unique underwriting, which often offers higher credit limits (up to 20x) than traditional corporate card solutions.  These businesses will be able to use Ramp’s all-in-one corporate card, expense management, and bill pay platform to automate their finance operations and build healthier businesses. The new offering from the partnership is available to travel management companies today and will be expanding to other platforms and industries. 

 

ENDS

For media enquiries, contact confermapay@speedcomms.com  

 

About Conferma Pay

Conferma Pay is the world’s foremost provider of virtual payments technology. Founded in 2005, and recently acquired by Sabre with additional investment from Mastercard, Conferma Pay combines innovation and expertise to push the boundaries of what can be achieved in the world of virtualized business payments. In the travel industry, Conferma Pay connects issuers to more than 700 travel management companies, all major global distribution systems and over 100 online booking tools. The company is fully integrated with all major card schemes and serves over 50 banking partners, that issue Conferma Pay generated virtual cards in nearly 100 currencies. www.confermapay.com

 

About Ramp

Ramp is the ultimate platform for modern finance teams. Combining corporate cards with expense management, bill payments, vendor management, accounting automation and more, Ramp is the all-in-one solution designed to save businesses time and money, and free finance teams to do the best work of their lives. Our mission is to help build healthier businesses, and it’s working: over 15,000 businesses on Ramp save on average 3.5% more and close their books 8x faster. Founded in 2019, Ramp powers the fastest-growing corporate card and bill payment platform in America, and enables tens of billions of dollars in purchases each year. https://ramp.com/

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.

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