virtual card

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

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…

Reporter’s Notebook: GBTA Convention Spotlights Efforts To Digitize And Centralize Payment

San Diego — “The pandemic has had a huge impact across the payments space,” according to Visa Business Solutions senior director Ryan Grabau. “People want to be more digital, for sustainability or because everyone is working remotely. They want to pay contactless. Organizations want more control in managing expenditures and cash flow.” Grabau spoke here…

Following Move To Amadeus, Gant Travel Signs Aimendo For Text Automation

San Diego — Gant Travel Management in 2020 migrated from Travelport’s Apollo to Amadeus, becoming one of the top North America-based corporate travel management companies for the Madrid-based global distribution system operator. Enticing Gant were new Amadeus scripting capabilities and other workflow improvements made possible by “advancements” in connectivity to the TMC’s tech stack, including…

Sabre Buys Conferma Pay

Sabre on Aug. 3 acquired Conferma Pay, the longtime partner that powers its Sabre Virtual Payments solution. Terms were not disclosed. “We believe we are now well-positioned to expand on that proposition with Conferma Pay becoming a Sabre-owned entity,” according to a Sabre statement. The company provided the comment after The Company Dime viewed a…

Marriott, Grasp Streamline Virtual Payment For Clients Including Disney, Will Share How

An inhibitor to the wide adoption of virtual payment for hotel stays is that front desk check-in processes haven’t caught up. Payment forms other than traditional plastic can trip up property staff, many of whom these days are barely trained on standard operating procedures, much less atypical ones. Marriott International and Grasp Technologies said they…

Claiming Dramatic Growth, Ramp Builds Travel Management Lite

Not yet three years old, New York-based Ramp Business Corporation last month confirmed new financing of $750 million at a valuation of $8.1 billion. It announced that more than 5,000 businesses were on its platform, which “is powering over $5 billion of annualized payments volume.” It’s a tech firm that offers payments rather than a…

Business Travel Finds Its Way Into Bank Competition With Financial Tech Firms

U.S. Bancorp’s acquisition of expense management software builder and travel agency TravelBank culminates a series of investments to build integrated business software and services, accelerate midmarket demand for banking and payments, and fend off financial technology firms. Banks traditionally picked up small business clients through lending and banking, but a digital revolution has changed that,…

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