Fintech company Conferma has partnered with Mastercard to launch Conferma Pay, an end-to-end virtual payment solution for banks and TMCs.
The integrated solution enables banks to issue their own virtual cards with a speedy turnaround at a low cost, according to Conferma.
Conferma Pay implementation takes four to six weeks and brings together various products within a central solution for increased efficiency for banks and their clients. The company claims it benefits businesses with tighter controls and efficiencies on corporate expenses, as well as an overall financial upside.
Simon Barker, CEO of Conferma, said: “Through Conferma, issuers can provide virtual cards for corporate travel payments booked via all major global distribution systems, online booking tools and leading travel agencies. Virtual payment also gives issuers the opportunity to capture corporate travel spend not traditionally made through cards, guaranteeing the highest standards of payment security.
“Adoption of virtual cards is growing at a phenomenal rate, yet there are still too many banks and credit unions missing out on this incredible opportunity. The launch of Conferma Pay, powered by Mastercard’s industry-leading platform, makes entry to the virtual card world seamless.”
Conferma Pay will be launched internationally to all 197 countries in which Conferma operates.
conferma.com