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Conferma Settlement Platform

What is CSP?

Central to Conferma’s unique business is the Conferma Settlement Platform (CSP), our powerful settlement and reconciliation engine incorporating virtual card technology. Working in partnership with a global network of banks and payment providers, CSP can be customised and scaled to meet the requirements of a diverse range of businesses. The platform is designed for ease of integration, linking multiple banking and payment options and a worldwide supplier network.

How does CSP work?

What are the features and benefits of CSP?

• CSP operates in conjunction with a growing global network of financial partners and procurement platforms.
• CSP provides the capability to impose restrictions on each virtual card to ensure corporate procurement policies are adhered to. These include spend amount, merchant category code and date period.
• As the CSP solution can be provided via an Application Programming Interface (API), it can be seamlessly integrated into existing applications with any business, resulting in little or no impact on business workflow.
• CSP eliminates the handling, processing and storage of credit card data.
• All CSP transactions are Payment Card Industry Data Security Standard (PCI-DSS) compliant, allowing you to conduct business in a secure environment.
• CSP’s automated matching process dramatically streamlines previously labour-intensive manual processes.
• CSP improves supplier relations by enabling faster payments.