Conferma has inked Fox World Travel to provide clients the ability to generate on-demand single use virtual credit card numbers (VCNs). Virtual credit cards offer secure payment for travelers without corporate cards and replace traditional hotel direct bill accounts.
VCN technology provides organizations a secure travel payment option for temporary employees, candidates, infrequent travelers, and travelers without a corporate credit card. VCNs also make post-trip reconciliation more efficient while reducing fraud, loss, and theft associated with traditional corporate cards.
VCN authorizations are automatically faxed to the hotel multiple times prior to the traveler’s arrival. Additionally, travelers can access an image of the VCN and re-fax the hotel authorization from a smartphone using Conferma’s TripPay app.
Conferma streamlines the reconciliation process after travel by generating unique VCNs and capturing custom reportable fields for each transaction.
Conferma first launched its payment platform in 2004 and is privately owned.
For more data on VCNs access CardData®. For information and commentary on VCNs visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. RAM Research® forecasts on VCNs are available exclusively through CardWeb.com.®