Payment solution provider Corporate Spending Innovations (CSI) announced that it has entered into a partnership with Conferma Pay, a FinTech company specializing in end-to-end virtual payment solutions for banks, Travel Management Companies (TMCs) and B2B payment platforms.
According to the agreement, CSI will have access to pay for traveling using its virtual payment offering through Conferma Pay’s network of 700 TMCs, Online Booking Tools and its major Global Distribution Systems. The partnership is part of the increasing popularity of using Virtual card payments.
“The goal of our partnership is to bring efficiency, security and control to the payment process for both the traveler and their organizations. 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,” said Juliann Pless, SVP of Travel Solutions at Corporate Spending Innovations.
“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,” said Simon Barker, CEO of Conferma Pay.
Corporate Spending Innovations, a subsidiary of Edenred, provides corporate payment solutions that include CSI Pay systems, CSI Travel, CSI Go, CSI Invoice, CSI Connect, and global-fleet fuel cards. The FinTech is also a certified Mastercard processor and has obtained Visa Ready for Business Solutions approval. Recently, the company has partnered with BillTrust to enable its Clients and financial institutions to increase B2B supplier electronic payment acceptance.