Corporate Spending Innovations Partners with Conferma Pay to Bring Virtual Card Benefits to Corporate Travel Clients

Corporate Spending Innovations (CSI), a leading global provider of corporate payment platforms and a subsidiary of Edenred, the everyday companion for people at work, today announced that it has entered into a partnership with Conferma Pay, a leading fintech company specialising in end-to-end virtual payment solutions for banks, Travel Management Companies (TMCs) and B2B payment platforms.

The agreement means CSI’s corporate customers can now pay for travel using its virtual payment offering almost anywhere thanks to Conferma Pay’s extensive network of 700 TMCs, all major Online Booking Tools and all four major Global Distribution Systems. This virtual payment service for travel spend completes CSI’s existing virtual payment offering for account payable.

This agreement forms part of a wider trend as businesses increasingly seek virtual payment solutions from a single, preferred partner, wherever that spend takes place—whether it’s settling a supplier invoice or booking a flight. For CSI’s corporate customers, this means they can now work with their partner of choice for virtual payments across accounts payable and travel spend.

Virtual card payments are an increasingly popular way for businesses to pay for goods and services. Replacing legacy methods with a unique 16-digit virtual card number for each purchase helps businesses to gain greater visibility and control over spend.

Juliann Pless, SVP of Travel Solutions at CSI, says: “The goal of our partnership is to bring efficiency, security and control to the payment process for both the traveller and their organisations. We are excited to leverage the breadth and depth of Conferma Pay’s partner base combined with our client-focused support and proprietary technology to help clients streamline and automate their corporate travel payment processes.”

Simon Barker, CEO of Conferma Pay, states: “We are delighted to sign and welcome CSI into our network of payment providers. The partnership will deliver a first-class integrated payment solution, combining CSI’s global reach in accounts payable with Conferma Pay’s unmatched ecosystem of travel points of sale. Teaming up makes it much easier for businesses to use virtual cards across all areas of spend.”