back Back

Conferma Pay & ConnexPay team up to simplify payment processes

By Delisha Fernandes

February 01, 2024

  • Cash Flow Management
  • Conferma Pay
  • ConnexPay
Share

Conferma Pay, ConnexPay, payments solution, virtual cards, cash flow management, fraud prevention, FinTech news, FinTech USConferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management.

The partnership brings together Conferma Pay’s virtual card ecosystem and ConnexPay’s virtual card issuing engine and real-time funding processes to create a seamless and secure all-in-one payments experience.

Bob Kaufman, Founder and CEO at ConnexPay, said, “By partnering with Conferma, a company that shares our customer-first approach, we are continuing to eliminate payments pain points for businesses across the travel sector. Improving cash flow and paying suppliers in a fast and secure way boosts purchaser-supplier relationships and expedites business growth.”

The new solution is ideal for businesses with a high traffic of both incoming and outgoing payments, including those that are being held back by cash flow issues. ConnexPay’s multifunctional platform allows businesses to gain immediate access to incoming customer payments, which they can then use in real time to fund ConnexPay virtual cards through the Conferma Pay platform to pay suppliers. This eliminates the waiting for settlement and funds to clear, as well as prefunding requirements — a process that can take days or weeks and something that many companies are unable to do.

Jason Lalor, CEO at Conferma Pay, added, “The partnership with ConnexPay is another step toward simplifying global payments process for businesses globally. Our end goal is to make it easier to do business. By managing all your payments through virtual cards all on one platform, it’s much easier to connect and do business at a global scale.”

ConnexPay’s Intelligent Purchases Routing technology automatically issues the type of card that will provide the maximum rebate, meaning businesses increase revenue share on every payment — improving both cash flow and growth. The integrated fraud prevention and analytics suite means users also have a greater control and overview of their live finances.

Previous Article

February 01, 2024

Duotech enhances payment solution with DT-ProPay in Singapore

Read More
Next Article

February 01, 2024

EMIs bridge the gap in FinTech growth amidst banking constraints

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 05, 2025

Tap, pay, spend: How digital payments are surging in Southeast Asia & India

Read More

February 05, 2025

Al Fardan Exchange, Visa launch real-time global remittance service

Read More

February 05, 2025

PRECISION and FinMont partner to combat payment fraud in travel

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More