Search Results for: virtual card

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Conferma Preps More Contactless Payment, The ‘Final Piece’ In Virtual Card Success

ByDavid Jonas

Sabre-owned virtual payments company Conferma Pay expects by January to provision virtual cards into digital wallets for travel bookings. It’s another means for virtual payment to dispense with 20th-century technology. Faxes now handle a minority of Conferma Pay’s virtual card authorizations to hotel properties, with more reliable, secure email and API connections growing in usage across several regions, according to…

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Growth In Contactless Payment Acceptance Creates Opportunity For Virtual Cards

ByJay Campbell

The sharp increase in U.S. merchant contactless payment capability during the pandemic is increasing the appeal of virtual payment by tackling one of its many challenges. For all their well-documented strengths in terms of controls, fraud prevention, data quality and velocity, compliance, reduction in manual processes, ease of distribution and support for infrequent travelers, virtual cards traditionally hit speed bumps…

United States Requires Virtual Cards In Next Federal Payment Program

ByDavid Jonas

[UPDATE, Sept. 12, 2017: The U.S. General Services Administration announced Citibank and U.S. Bank as contractors for its SmartPay 3 program, covering purchasing, travel, fleet and integrated payment services. GSA indicated that the program would total $700 billion in transaction value during the contract term, which including extension options would run from November 2018 to 2031. The 560 federal agencies…

Conferma Virtual Card Advance Isn’t The End Game

ByDavid Jonas

Much work is needed for email authorizations to supplant old-fangled faxes as the de facto standard for virtual card authorizations. That is, if the industry cannot first dispense with both. Conferma last month described its new encrypted email solution as a PCI-compliant “breakthrough.” The company says it is cheaper than sending faxes and approved by such banking partners as American…

Riot Games Coping With Corporate Travel’s Virtual Card Adolescence

ByDavid Jonas

Virtual cards are still a work in progress, but Riot Games travel wizard Sean Parham isn’t ready to give up on them. He’s now on his second try. The intended benefits — reduced fraud, easier reconciliation and a seamless traveler experience including an easier expense process — are just too tempting. Last year Parham pulled the plug on a program through…

Sabre GetThere Latest On Corporate Travel Virtual Card Bandwagon

ByDavid Jonas

[UPDATE, Dec. 2, 2016: Sabre announced that it added a virtual payment option for airline bookings within the Sabre Red Workspace, furnished with payment firm Conferma. Sabre described the new “standard form of payment” at the agent point of sale as an industry first. The integration “eliminates the need for mid/back-office providers and online corporate booking tools such as GetThere…

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