Deem unveils first virtual payment program with partner Conferma Pay
By Nikita Chaurasia  Date: 2019-08-05

Deem unveils first virtual payment program with partner Conferma Pay

The latest program would empower corporations to use virtual payment solutions for travel expenditure, ranging from hotel bookings to airfare and ground transport.

Deem Inc., a travel booking and management platform for the corporate travel sector, recently announced the release of its first virtual payment provider program with Conferma Pay, one of the world’s leading provider of virtual card technology. According to sources, the new program would allow businesses to use virtual payment solutions for travel spend, ranging from hotel bookings to airfare and ground transport.

Speaking on the announcement, John F. Rizzo, CEO and President, Deem, said that the payment industry is becoming more efficient and highly secure with emergence of various payment platforms like Conferma Pay, Google Pay and Apple Pay. He added that this new virtual payment program helps solve a lot of challenges for businesses and travelers.

For the record, virtual payment centralizes billing services for corporation which further simplifies the auditing and accounting of travel expenditures. It also helps corporations to reduce fraud, especially in those regions where fraudulent activities are high. In addition, travelers don’t need to submit their credit card at hotel check-in, which will eventually reduce personal risk.

Sources cite that the new virtual payment program service is accessible for hotel content over all GDS with integration to Conferma Pay through its API and is available for non-profiled and profiled consumers of the platform. It also supports custom PNR remarks using Deem’s PNR Editor functionality, which will be available by the end of Q3.

According to Paul Raymond, Director of Strategic Relationships, Conferma Pay, the two firms understand the benefits new technologies can offer to improve customer experience, and expect to achieve greater success in the corporate travel sector. He added that their firm aims to support organizations by helping them cut cost by the means of efficient administrative processes.

Moreover, with the company’s virtual payment tech, customers benefit from a detailed and automated reporting system which accounts for every single transaction, further offering tighter controls, greater efficiencies, improved security and avoid laborious manual tasks to develop a complete cost-effective solution, cites Raymond.

Source Credit: https://www.globenewswire.com/news-release/2019/08/04/1896613/0/en/Deem-Launches-First-Virtual-Payment-Program-in-Partnership-with-Conferma-Pay.html

About Author

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Locate Bio obtains multiple late stage orthobiologics assets from RCSI
Locate Bio obtains multiple late stage orthobiologics assets from RCSI
By Nikita Chaurasia

Regenerative medicine major, Locate Bio, has reportedly announced its in-licensing of several late stage orthobiologics assets from the RCSI University of Medicine and Health Sciences. Sources state that the technologies created by the RCSI Tissue E...

Roche acquires Inflazome to gain control over inflammatory treatments
Roche acquires Inflazome to gain control over inflammatory treatments
By Nikita Chaurasia

In a recent turn of events, Swiss healthcare giant, F. Hoffmann-La Roche AG has reportedly acquired an Irish biotech firm Inflazome Ltd. for approximately USD 451 million (€380 million). As per the agreement, Roche will acquire complete rights ...

Innovent, Eli Lilly release results of ORIENT-11 trial for lung cancer
Innovent, Eli Lilly release results of ORIENT-11 trial for lung cancer
By Nikita Chaurasia

Innovent Biologics Inc., in collaboration with American pharmaceutical giant Eli Lilly and Company, have reportedly announced that the biomarker results of ORIENT-11 trials which were displayed during a mini verbal presentation at ESMO (European Soci...

Generac, Baker partner to offer solar & storage installations in U.S.
Generac, Baker partner to offer solar & storage installations in U.S.
By Nikita Chaurasia

Generac Holdings Inc., a Wisconsin-based leading backup power generation developer, has reportedly entered a joint venture agreement with a solar electric solutions provider Baker Electric Home Energy. Sources close to the matter stated that the two ...

Education analytics platform HelioCampus acquires ABC Insights
Education analytics platform HelioCampus acquires ABC Insights
By Nikita Chaurasia

HelioCampus, a leading higher education analytics platform that offers universities and colleges the decision-support assistance they require to work more sustainably and strategically, has reportedly announced that it acquired ABC Insights, a renown...