Subjects: TRAVEL, MISCELLANEOUS
Deem Launches First Virtual Payment Program in Partnership with Conferma Pay
San Francisco, Aug. 04, 2019 (GLOBE NEWSWIRE) --
Deem, a leading mobile and cloud technology provider for the corporate travel industry, today announced the launch of its first virtual payment provider program with Conferma Pay, a leading FinTech company specializing in virtual card technology.
The new program allows corporations to use virtual payment solutions for travel spend, starting with hotel bookings and extending to airfare and ground transportation.
"The payment industry is moving quickly to a more efficient and highly secure virtual payment model with leaders like Conferma Pay, Apple Pay and Google Pay," said John F. Rizzo, CEO and President, Deem. "Our new virtual payment program solves a host of challenges for corporations and travelers alike."
Virtual payment gives corporations a central method to bill services, and a better way to audit and account for travel spend. This solution helps corporations mitigate security and fraud, especially in regions or countries with higher levels of fraudulent activity. Travelers also aren't required to present a credit card at hotel check-in, mitigating their personal risk.
"We're excited to launch our virtual payment program with Conferma Pay," said Todd Kaiser, SVP, Business Development and Strategy, Deem. "They are the leader in the travel space and widely adopted by our global customers. Our travelers are going to love the convenience and reliability of this program as we roll it out across all of our booking surfaces and inventory types."
The virtual payment program service is available for hotel content across all GDS with a direct integration to Conferma Pay via their API and is available for profiled and non-profiled users of the platform. The system also supports custom PNR remarks by leveraging Deem's unique PNR Editor functionality. Functionality will be available to customers by the end of Q3.
"As innovators in the space, Conferma Pay and Deem understand the benefits new technology can provide for better customer experience," said Paul Raymond, Director of Strategic Relationships at Conferma Pay. "Together, we believe we can achieve great success in the corporate travel sector.
"We want to support corporations by enabling them to cut costs through more efficient administrative processes. With Conferma Pay's virtual payment technology, customers benefit from a holistic and detailed, automated reporting system accounting for every single transaction. This achieves greater efficiencies, tighter controls, heightened security and avoids laborious manual tasks to create a complete cost-effective solution."
Conferma Pay is globally connected to more than 500 travel management companies, all five major global distribution systems and is fully integrated with all the major card schemes serving more than 36 banking partners.
Deem's personalized and intuitive business travel management platform uses advanced technologies to provide optimized solutions for travelers, corporate travel managers and travel management companies. Deem's platform, Work Fource, brings design, machine learning and customization together to provide the business travel ecosystem with a solution for managing travel costs at the beginning of the booking process, and integrating them seamlessly with the back-end expense reporting required by finance departments.
NOTES TO EDITOR:
Deem's corporate travel booking and management platform allows travel managers to customize their travel program and service their travelers with ease. At Deem, we create products that give employees everything they need to make better travel decisions, wherever they are. With the most intuitive, secure, and powerful solutions, employees will save your company money, stay connected, and get more done.??
Deem's travel technology plugs into today's major travel agencies and expense solution providers. Powerful APIs and thoughtful design mean travel managers and travelers are up and running in no time, and travel agencies can service travelers effortlessly.??
Deem's intuitive suite of travel booking and management tools are used by more than 50,000 corporate customers and the world's largest travel management companies around the world.?The company is headquartered in Silicon Valley, California, with offices in Dublin, Ireland and Bangalore, India. Deem is wholly owned by Enterprise Holdings, the world's largest car rental provider.
Leading international FinTech company, Conferma Pay, is the world's foremost provider of virtual card technology. Founded by CEO Simon Barker in 2005, Conferma Pay combines innovation and expertise to consistently find success when they push the boundaries of what can be achieved in the world of virtual payments.
Conferma Pay connects issuers to more than 500 travel management companies, all five major global distribution systems and more than 70 corporate booking tools. Conferma Pay is fully integrated with all the major card schemes and serves more than 36 banking partners, who have issued Conferma Pay-generated virtual cards in 96 currencies across 197 countries.
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