“One of the things driving virtual card solutions is the expectation of a frictionless purchasing process. That’s come about from the likes of Uber and other leisure offerings where the actual payment part of it is so far in the background the individual never has to worry about it,” Raymond says.
Conferma Pay has been testing e-wallet integration for the last few months, and Raymond says he expects the first corporate customer to begin using the system within the next month.
“What we are able to do now is place a virtual card into a user’s phone and they can provision that card directly into an Apple wallet or Google wallet and then they are able to purchase utilizing the NFC tap and go technology, for example around London for the Tube or at a large chain restaurant,” he says.
The functionality could also enable travel managers to build more flexibility into their policies, knowing that with virtual payment technology all spend would be captured and visible.
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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 Boost Payment Solutions have committed to developing a “best-in-class” virtual payment solution in an extension of their partnership. The partnership seeks to
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