Conferma Virtual Card Advance Isn’t The End Game

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 Express and Barclaycard. Other virtual payment firms also are looking at email authorizations. There are some obvious advantages over faxes, but emailing isn't a perfect model.

"It . . .

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Author: David Jonas

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.