Email Modernizes To Support Virtual Cards (Finally), PYMNTS, September 2016

Virtual cards have a reputation as a paperless alternative to other payment rails and as an especially secure and efficient way to make B2B payments in particular. But virtual payments aren’t entirely paperless; often, suppliers receiving virtual card information do so via fax, which they have to print out and manually input into their systems.

But a new feature from virtual card firm Conferma is looking to heighten virtual card adoption in B2B transactions and do so without the fax machine.

“I’ve spent the last seven years defending faxes,” said Conferma CEO Simon Barker in an interview with Business Travel News, published on Wednesday (Sept. 7). “Now, I feel slightly hypocritical to say, ‘Now, we have a different way that’s better than faxes.'”

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Virtual cards have a reputation as a paperless alternative to other payment rails and as an especially secure and efficient way to make B2B payments in particular. But virtual payments aren’t entirely paperless; often, suppliers receiving virtual card information do so via fax, which they have to print out and manually input into their systems.

But a new feature from virtual card firm Conferma is looking to heighten virtual card adoption in B2B transactions and do so without the fax machine.

“I’ve spent the last seven years defending faxes,” said Conferma CEO Simon Barker in an interview with Business Travel News, published on Wednesday (Sept. 7). “Now, I feel slightly hypocritical to say, ‘Now, we have a different way that’s better than faxes.'”

Go to full article