The 3 Cs of corporate travel payment

Virtual payment delivers consumer-style convenient payment, real time clarity and ultimate control of corporate travel spend.

Convenience

Traveller expectations don't merely reflect what they're used to in business travel anymore. Leisure travel has trained business travellers to expect sleek technology that provides them with frictionless experiences. Uber is now capturing more corporate spend than rental cars and business travellers using Airbnb are tending to stay twice as long as they do in hotels.

Clarity

Virtual Card numbers act as a unique identifier that allows travel transactions to be fully tracked right through the procure-to-pay process for the first time. This means customised data is tracked all the way though the lifecycle of a booking. For example, a Virtual Card can be so that it carries a digital footprint of the following: 

Crucially, Conferma virtual payments are seamlessy embedded at the point of sale of over 70 online booking tools, all major global distribution systems and over 300 travel management systems. With no change to existing travel booking workflows, virtual payment is able to provide richer reporting and a clearer spend view with 100% matched data as purchase and payments are reconciled as soon as a booking is made. This inherent reconciliation means there is no longer a need for retrospective matching of booked and billed data.

Control

Virtual payments is a lot more fraud resistant than traditional payment methods as precise controls configure exactly how much the traveller can spend when and where.

Top 10 Virtual Payment Benefits

— Provide a seamless payment process embedded into the existing booking flow
— Set spend limits and restrictions
— Reduce exposure to card fraud
— Eliminate unauthorized expenses
— Get purchase and payments data reconciled at time of booking
— Get richer travel spend data, including custom details like cost centres and employee numbers
— Remove the need for travellers to user their own card
— Remove the expense reporting process for the traveller
— Provide a payment avenue for anyone who previously presented a challenge to pay travel for including infrequent travellers, graduate, and job candidates
— Reinforce compliance and duty of care programmes by better traveller tracking