Conferma, a global FinTech company specialising in virtual card technology today announces its partnership with DerbySoft. The partnership will expand payment options available to the world’s global hotel companies, offering a fully integrated virtual payment solution into their accepted payment methods for the first time.
Multi-channel travel commerce has enabled hotels to reach more customers. Although this has contributed to an estimated annual growth of online travel sales at 12%, it also means that payments come to hotels from multiple sources, which can be difficult to match against bookings. DerbySoft has provided solutions to global hotel companies to address these complexities, but standard payment options continued to pose a number of issues for hotels and their customers. With high credit limits and multiple bookings to reconcile against one card number, these methods expose clients to risks of fraud and revenue loss through unmatched transactions and lost productivity.
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