Conferma Pay and ConnexPay Partner with All-in-One Virtual Payments Solution

ATLANTA, US / January 31, 2024: Conferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management. The partnership brings together Conferma Pay’s leading virtual card ecosystem and ConnexPay’s world-class virtual card issuing engine and real-time funding processes to create a seamless and secure all-in-one payments experience.

The new solution is ideal for businesses with a high traffic of both incoming and outgoing payments, including those that are being held back by cash flow issues. ConnexPay’s multifunctional platform allows businesses to gain immediate access to incoming customer payments, which they can then use in real time to fund ConnexPay virtual cards through the Conferma Pay platform to pay suppliers. This eliminates the waiting for settlement and funds to clear, as well as prefunding requirements — a process that can take days or weeks and something that many companies are unable to do.

ConnexPay’s Intelligent Purchases Routing technology automatically issues the type of card that will provide the maximum rebate, meaning businesses increase revenue share on every payment — improving both cash flow and growth. The integrated fraud prevention and analytics suite means users also have a greater control and overview of their live finances.

Bob Kaufman, Founder and CEO at ConnexPay, said: “By partnering with Conferma, a company that shares our customer-first approach, we are continuing to eliminate payments pain points for businesses across the travel sector. Improving cash flow and paying suppliers in a fast and secure way boosts purchaser-supplier relationships and expedites business growth.”

Jason Lalor, CEO at Conferma Pay, added: “The partnership with ConnexPay is another step toward simplifying global payments process for businesses globally. Our end goal is to make it easier to do business. By managing all your payments through virtual cards all on one platform, it’s much easier to connect and do business at a global scale.”

To learn more visit: www.confermapay.com or www.connexpay.com.

About ConnexPay
ConnexPay is the first company to bring together the two sides of the payment process — payments acceptance and virtual payments issuing — into a single platform with one contract and one reconciliation. The flexibility of this technology allows clients to adopt the full end-to-end acquiring and issuing solution, or clients can leverage ConnexPay’s platform and intelligent routing in an issuing-only capacity.

ConnexPay continues to focus on the travel and tourism space, but ConnexPay’s solutions are applicable across a broad spectrum of corporate payment use cases, including insurance and warranty claims, loyalty and rewards payouts, and media and advertising buys.

Founded in 2017, ConnexPay continues to innovate and improve end-to-end payments for clients across the globe. In 2023, ConnexPay earned the Travel Innovator of the Year award at Phocuswright and was named to the Inc 5000 list of fastest-growing companies in America. Learn more at www.connexpay.com and follow us on LinkedIn.

About Conferma Pay
Conferma Pay is the world’s foremost provider of virtual payments technology. Founded in 2005, and recently acquired by Sabre with additional investment from Mastercard, Conferma Pay combines innovation and expertise to push the boundaries of what can be achieved in the world of virtualized business payments. In the travel industry, Conferma Pay connects issuers to more than 700 travel management companies, all major global distribution systems and over 100 online booking tools. The company is fully integrated with all major card schemes and serves over 50 banking partners that issue Conferma Pay-generated virtual cards in nearly 100 currencies.

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Media contact:

Liza Amaro

Head of Marketing, ConnexPay

(706) 617-4710

‍lamaro@connexpay.com

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