Virtual card technology firm Conferma has launched ‘Conferma Connect’.
The new tool enables travel managers to send virtual card details to suppliers without the need for a fax machine.
Conferma Connect has been approved by large banking companies including Barclaycard and American Express.
Until recently the only way to send virtual card details to suppliers such as hotel chains was via fax.
The tech firm said in addition to increased security, the system will also bring costs of virtual acceptance down for issuers and suppliers. It added that the cost of ensuring secure payment for a hotel stay using Conferma Connect technology offers a reduction of 60 per cent since it “eliminates both the fax transmittal and receiving costs”.
Conferma CEO Simon Barker said: “We`ve been working towards making the existing communication technology and infrastructure work for the transmission of Virtual Cards for many years.
“As a result, Conferma Connect is designed to automatically find the best way to transmit virtual card information to a supplier securely via a number of PCI compliant methodologies including universally used business email technologies.”
Conferma Connect is PCI compliant – the set of standards required that ensures all transactions are processed in a secure way.
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