Conferma Pay has entered into a partnership with ConnexPay to allow businesses to simplify the payments process 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, aiming to create a seamless and secure all-in-one payments experience.
Jason Lalor, CEO at Conferma Pay, said: “The partnership with ConnexPay is another step towards simplifying the 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.”
The new solution is geared towards businesses with a high traffic of both incoming and outgoing payments, as well as those being held back by cash-flow issues.
ConnexPay’s multifunctional platform enables businesses to gain immediate access to incoming customer payments, which can then be used in real time to fund ConnexPay virtual cards through the Conferma Pay platform to pay suppliers.
This solution eliminates the waiting for settlement and funds to clear, as well as pre-funding requirements, a process that typically takes days or weeks.
Bob Kaufman, Founder and CEO at ConnexPay, added: “By partnering with Conferma Pay, a company that shares our customer-first approach, we are continuing to eliminate payment 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.”
