Conferma

With Success Stories Piling Up, Industry Seeks Common Virtual Payment Processes

San Diego – Industry players are working to smooth out the rough spots in virtual payment for managed travel. Even without commonality across all the players, many travel program managers are finding the benefits of virtual payment too good to pass up. Reducing fraud, streamlining reconciliation and making things easier for travelers without corporate plastic…

New Conferma App Provides Self-Service Virtual Card Creation

Conferma relaunched its TripPay Android and iOS mobile app with a new name and some new features. Now called Conferma Pay, it is “the first app to support creating and receiving of virtual cards for business on a mobile device across multiple banking partners,” according to the company’s website. As with pre-existing virtual cards, the app…

Industry Seeks Answers From EU Banking Authority On Potentially Problematic Payment Rules

A group of large travel management and commercial card entities is attempting to get answers from European regulators on a set of rules that could disrupt traditional corporate travel payment practices. Under Europe’s second Payment Services Directive, payment firms by September 2019 must implement strong customer authentication (SCA) for purchases made in European Union states…

After Lots Of Groundwork, State Of California Pilots Virtual Payment

A few months into piloting virtual payment, the quarter-of-a-billion-dollar State of California T&E program already has realized benefits. Tied to policy mandates and program consolidation, the alternative payment mechanism made life easier and more productive for travelers and administrative staff. It took a while to get to this point, still a work in progress. California…

Op Ed: Simon Barker On Whether The Corporate World Is Ready For New Technology

As co-founder and CEO of financial technology firm Conferma, Simon Barker has been in the thick of corporate travel’s virtual payment movement. The benefits of single-use virtual credit card accounts are well known: improved security, better management controls, easier reconciliation and a more convenient experience for travelers without their own corporate cards. Barker points out…

Serko Prepares Spring Launch For New Booking Tool In North America

Serko since October switched over 1,100 accounts in Australia and New Zealand to its new self-booking tool, Zeno, from pre-existing Serko Online. The next stop is North America, where beta tests are planned for next month. The company intends to roll out Zeno in the market in May or June. Zeno has many features found…

Concur Poised For Self-Booking Virtual Payment

[UPDATE, Aug. 21, 2017: Concur plans in September to run virtual payment pilots with travel management companies that have gone through a “readiness” program. In an update for TMCs, Concur indicated that they must have a relationship with Conferma and support virtual payment for both Concur Travel and offline reservations. Concur also indicated that the…

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