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     aeresearch.net

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

Japan pushes innovations in 'deep tech' sector with solar cell technology

Japan pushes innovations in 'deep tech' sector with solar cell technology

By Nikita Chaurasia

Amid the most promising next-generation solar cell technology innovations, Enecoat Technologies, a provider of materials development services in Japan, is reportedly developing perovskite. Following its completion, the Kyoto-located start-up expec...

GIC to acquire majority shares in opulent Sani/Ikos properties

GIC to acquire majority shares in opulent Sani/Ikos properties

By Nikita Chaurasia

Singapore's sovereign wealth fund, GIC has agreed to pay around $2.2 billion to buy a majority stake in Sani/Ikos Group, a Mediterranean luxury resort operator, marking the largest transaction in the European resort market since the Covid-19 pand...

Excelra, Patcore partner to offer enhanced digital insights to customers

Excelra, Patcore partner to offer enhanced digital insights to customers

By Nikita Chaurasia

Excelra, a data and analytics solutions provider, has recently announced its partnership with Patcore, Inc., to provide better access to its analytics products and scientific data for customers in Japan. For the unversed, Excelra is one of the top...

TrueFoundry nabs $2.3M for technology team & product development expansion

TrueFoundry nabs $2.3M for technology team & product development expansion

By Nikita Chaurasia

Machine learning developer platform, TrueFoundry has reportedly secured $2.3 million in a seed funding round. Apparently, the investment round was headed by Sequoia India and the Southeast Asian Surge programme. Leading angels, including AngelList...

Brimbank Council's innovative 5G research project reaches new milestone

Brimbank Council's innovative 5G research project reaches new milestone

By Nikita Chaurasia

Brimbank Council's groundbreaking research project based on 5G technology has reportedly achieved a new milestone with the AI (artificial intelligence) development to detect dumped rubbish and damaged road signs. According to sources, the Mobi...