“The idea that I have one credit card or corporate card and pay a lot of travel things with it, well, that system has had its day,” said Simon Barker, CEO of payments technology vendor Conferma Pay. “The travel industry must move to virtual cards, where a business traveler buys each thing with a separate virtual number.”
Virtual cards lend themselves much more readily to strong authentication. Happily, adapting to the world of digital payments brings a bonus: It also makes it much easier to work with next-generation mobile wallets, such as India’s Paytm and China’s WeChat Pay. Travel brands need to offer the widest array of payment options to buyers to maximize their revenue. Otherwise some travelers may abandon their bookings rather than complete them because their preferred payment method isn’t available.
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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.
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.
Conferma Pay and Canary Technologies have partnered to create a seamless virtual payments experience in hotels, delivering improved guest check-in and secure payment communication for
With 25 years of experience in the payments industry, Sonya joins Conferma Pay from her previous role as Senior Vice President UK & Ireland and
Conferma Pay and Inlogik have partnered to launch a new solution for business travellers to simplify and automate the reconciliation of hotel expenses using virtual