News

Across Europe, corporates can reclaim VAT on employee travel expenses for business trips, including transport, meals and accommodation.  Yet during a period where the rate of inflation exceeds 8% in many markets, and central banks are embarking on significant tightening

Against this backdrop, payments leader Conferma Pay is seeking to leverage the technological innovations of virtual cards to launch an industry-first capability. Dubbed ‘Conferma Carbon Reporting’, the system offers a unique ability to capture a precise record of airline, hotel

Conferma Pay, the leading B2B virtual payment platform, today announced a strategic collaboration with Boost Payment Solutions, Inc. (Boost), the leader in optimizing the use and acceptance of commercial cards,  providing Conferma Pay’s network of issuers and card holders with

Conferma Pay was founded in 2005 and combines innovation and expertise to push the boundaries of what can be achieved in the world of virtualized business payments. Conferma Pay have revolutionised the traditional direct bill or billback offerings from a

Business travel is a sizeable market in its own right, worth an estimated US$1.4tn annually and supporting an estimated one-in-seven jobs worldwide.1 But it also has an outsize influence on the fortunes of the wider travel industry. For example, while business

Today, businesses struggle to onboard new suppliers quickly and do not have the tools to control payments made by colleagues working from home. The new integration of Conferma Pay with Concur® Invoice helps to solve these challenges by allowing businesses

   For B2B payments, the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too.  To that end, in an interview with PYMNTS, Darren Blair, head of B2B payments at Conferma Pay,

Neil Fyfe was most recently the Vice President of Global Accounts Technology at Sabre Corporation, the travel technology company, where he was responsible for pioneering the company’s successful move to offer virtual payments solutions to hotels, airlines and rail operators.

Optimizing the payment experience for both guests and hotel staff has never been more relevant than today. Before the pandemic, streamlining payments for the hospitality industry was mainly about managing costs. Right now, safe, touchless experiences are a pre-requisite and

Historically, corporate travel and expense (T&E) management has been viewed as an entirely separate function from other B2B payment workflows. With employees seeking to use company cash in the same way they make purchases in their personal lives, T&E has experienced rapid

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

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

  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:

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

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

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

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

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

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

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

This week we saw significant developments on the vaccine front that have implications not just for us personally but for businesses too. News of the vaccine clearly put new momentum into travel and hospitality stocks with some seeing as much