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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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.