Digital payment using a unique credit card number for card-not-present transactions to minimize fraud risk. Can be limited to a certain date range, vendor or amount. Includes 16-digit card number, expiry date and security code.
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AirPlus International and Cornerstone Information Systems are working together on virtual card programs. According to an AirPlus official, the companies are piloting with select customers back-office integration through Cornerstone’s iQCX system. The official said clients would not need a virtual payment intermediary like Conferma. AirPlus first brought its virtual payment solution to the U.S. market…
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…
Change is constant, yet change is hard. That’s the quandary many in the travel industry face, especially as it relates to distribution. Tried and true technologies continue to operate as designed decades ago, with speed and reliability. However, changing traveler demands and nearly universal access to information have some calling for new designs. Kurt Knackstedt…
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…
New York — From the “you probably can’t do this because you’re not Google” department, Google has built a proprietary hotel booking application. It highlights both negotiated and market rates as part of Google’s unique travel spending program. It’s backed with centralized payment that means travelers don’t have to fiddle with card numbers when booking. And…
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…
Purchased for $757 million in 2000, the GetThere corporate booking tool is hardly mentioned in Sabre’s annual reports. The TripCase mobile app isn’t mentioned at all. As usual, neither came up during this morning’s earnings conference call. Along with Sabre’s virtual payments offering, these products have bounced around inside Sabre and had four leaders in…
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