Deem unveils first virtual payment program with partner Conferma Pay
Category: #business  By Nikita Chaurasia  Date: 2019-08-05
  • share
  • Twitter
  • Facebook
  • LinkedIn

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

Milacron partnership agreement with iMPLUX to revolutionize molding
Milacron partnership agreement with iMPLUX to revolutionize molding
By Nikita Chaurasia

Milacron Holdings Corp., a technology company known for its services to the plastics processing industry recently announced the signing of a proprietary partnership with iMFLUX, a wholly owned subsidiary of Proctor & Gamble. The distribution agre...

Percona unveils optimized version of database monitoring platform PMM2
Percona unveils optimized version of database monitoring platform PMM2
By Nikita Chaurasia

Percona, a leading provider of open source database software and services based in America, has recently unveiled Percona Monitoring and Management 2 (PMM2), an upgraded version of its award-winning database management platform at the 2019 Percona Li...

Tastewise raises $5 million in a funding round led by PeakBridge
Tastewise raises $5 million in a funding round led by PeakBridge
By Nikita Chaurasia

Tastewise to develop its food intelligence platform with the new funding. An intelligence startup Tastewise, that offers data, analytics and insights platform for food brands and restaurants, recently announced that it has collected USD $5 million i...