{"id":386555,"date":"2020-11-23T07:18:24","date_gmt":"2020-11-23T12:18:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386555"},"modified":"2020-11-23T07:18:24","modified_gmt":"2020-11-23T12:18:24","slug":"visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\/","title":{"rendered":"Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide<\/b><\/p>\n<p class=\"bwalignc\"><i>In collaboration with Conferma Pay, Visa helps businesses quickly digitize B2B payments<\/i><\/p>\n<p>SAN FRANCISCO &amp; MANCHESTER, England&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVisa\u202f(NYSE:V), the world\u2019s leader in digital payments, and Conferma Pay, the world\u2019s foremost provider of virtual payments technology, today announced a strategic partnership to launch Visa Commercial Pay, a suite of B2B payment solutions, to help improve cashflow for businesses and eliminate outdated manual processes.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 404px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201123005446\/en\/841023\/4\/VisaCommercialPayVisual.jpg\" alt=\"(Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">(Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nVirtual commercial cards have never been more necessary than today. Remote workers are turning to personal cards to pay for corporate expenses, buyers and suppliers need more efficient ways to pay and get paid, and businesses need immediate visibility into their company spend to improve cash flow and mitigate risk efficiently. Visa Commercial Pay provides comprehensive card-program management capabilities, including on-demand virtual card issuance to employees\u2019 mobile devices via an app, created exclusively by Conferma Pay and Visa, for Visa\u2019s commercial clients. Visa Commercial Pay also simplifies money movement between buyers and suppliers, and features enhanced data, automated payment processing and expense reconciliation.\n<\/p>\n<p>\nWith virtual commercial cards at its core, Visa Commercial Pay features three B2B payment offerings for financial institutions and their corporate customers, including Visa Commercial Pay Mobile app, Visa Commercial Pay Travel and Visa Commercial Pay B2B.\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Visa Commercial Pay Mobile<\/b>: a Visa-branded app, developed exclusively by Conferma Pay and Visa for Visa\u2019s commercial clients, will host digitally-issued Visa virtual commercial cards on employee and contractors\u2019 mobile devices. The app brings businesses enhanced tools and features, helping them better manage and track spend, and lessen the dependency on issuing and mailing physical cards. It gives employees the convenience of using on-demand, virtual Visa cards to facilitate their business purchases, whether online purchases or in-store tap to pay capabilities through seamless integration into mobile wallets.\n<\/li>\n<li><b>Visa Commercial Pay Travel:<\/b> a solution that enables businesses to centrally manage their business travel spend, such as air and hotel. The solution seamlessly integrates into business travel reservation processes and delivers enhanced data, full spend visibility and automated expense reconciliation. Employees and contractors who also use the Visa Commercial Pay Mobile app are able to view their reservations and total spend within the app.\n<\/li>\n<li><b>Visa Commercial Pay B2B<\/b>: a platform that combines the capabilities of Visa and Conferma Pay, to give buyers and suppliers more options to pay and get paid. It provides a range of features to help companies better manage cash flow and capture enhanced data for reconciliation and reporting capabilities. Visa Commercial Pay B2B provides the flexibility for companies to select the optimal solution for them, either a single comprehensive program management platform or a seamlessly-integrated solution into third party procurement platforms.\n<\/li>\n<\/ul>\n<p>\n\u201cBusinesses are turning to Visa and our clients with a great sense of urgency to help them solve payment inefficiencies that the pandemic has quickly exposed,\u201d said Kevin Phalen, global head, Visa Business Solutions. \u201cThe launch of Visa Commercial Pay in partnership with Conferma Pay allows us to accelerate B2B money movement away from slow, outdated methods to fast, data-rich, secure digital payments and give businesses better control over their finances.\u201d\n<\/p>\n<p>\n\u201cWith a new economic environment, the controls to decentralize payments have to be put in place and with employees working from home, the ability to monitor, reconcile and approve spend becomes far more difficult,\u201d said Simon Barker, CEO at Conferma Pay. \u201cWith the Visa Commercial Pay initiative, we are excited to partner with Visa and help businesses gain greater visibility and control over B2B spend whilst drastically improving the payment experience for buyers, suppliers, company contractors and employees.\u201d\n<\/p>\n<p>\nVisa\u2019s commercial clients can leverage the Visa Commercial Pay suite of solutions across multiple commercial-spend use cases, without any additional development or operational complexity that often comes with launching new capabilities. Financial institutions can now use Visa\u2019s new set of flexible virtual-card capabilities in their entirety or a la carte, in order to quickly meet their clients\u2019 needs.\n<\/p>\n<p>\nFor more information about Visa Commercial Pay, please email <a rel=\"nofollow\" href=\"mailto:VisaCommercialPay@visa.com\">VisaCommercialPay@visa.com<\/a>.\n<\/p>\n<p><b>About Visa Inc.<\/b><\/p>\n<p>\nVisa Inc. (NYSE: V) is the world\u2019s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network &#8211; enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company\u2019s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere.\u202fAs the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit\u202f <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fabout-visa%2Four_business.html&amp;esheet=52333936&amp;newsitemid=20201123005446&amp;lan=en-US&amp;anchor=About+Visa&amp;index=1&amp;md5=066e18581a7bd0267670c38a2c738fe0\">About Visa<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fvisa-everywhere%2Fblog.html&amp;esheet=52333936&amp;newsitemid=20201123005446&amp;lan=en-US&amp;anchor=visa.com%2Fblog&amp;index=2&amp;md5=51d5085244a1c433903c7d37fe7c8686\">visa.com\/blog<\/a> and \u202f<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FVisaNews&amp;esheet=52333936&amp;newsitemid=20201123005446&amp;lan=en-US&amp;anchor=%40VisaNews&amp;index=3&amp;md5=324c7d9ce4d935b68b1df4764c54a9b3\">@VisaNews<\/a>.\n<\/p>\n<p><b>About Conferma Pay<\/b><\/p>\n<p>\nConferma Pay, is the world\u2019s foremost provider of virtual payments technology. Founded in 2005, Conferma Pay combines innovation and expertise to push the boundaries of what can be achieved in the world of virtualized business payments. In the travel space, Conferma Pay connects issuers to more than 700 travel management companies, all three the major global distribution systems and more than 100 online booking tools. Conferma Pay is fully integrated with all the major card schemes and serves 50 banking partners, who have issued Conferma Pay-generated virtual cards in 96 currencies. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.confermapay.com&amp;esheet=52333936&amp;newsitemid=20201123005446&amp;lan=en-US&amp;anchor=www.confermapay.com&amp;index=4&amp;md5=538af44f3044ee10c94ebd1f231b11b7\">www.confermapay.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201123005446r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/<\/a><\/span><\/p>\n<p>\nAida Hadzibegovic<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ahadzibe@visa.com\">ahadzibe@visa.com<br \/>\n<\/a><br \/>415-805-4242\n<\/p>\n<p><b>KEYWORDS:<\/b> North America United States Ireland United Kingdom Europe California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Software Mobile\/Wireless Accounting Networks Professional Services Data Management Technology Small Business Security Other Professional Services Finance Other Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201123005446\/en\/841023\/3\/VisaCommercialPayVisual.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">(Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide In collaboration with Conferma Pay, Visa helps businesses quickly digitize B2B payments SAN FRANCISCO &amp; MANCHESTER, England&#8211;(BUSINESS WIRE)&#8211; Visa\u202f(NYSE:V), the world\u2019s leader in digital payments, and Conferma Pay, the world\u2019s foremost provider of virtual payments technology, today announced a strategic partnership to launch Visa Commercial Pay, a suite of B2B payment solutions, to help improve cashflow for businesses and eliminate outdated manual processes. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/ (Graphic: Business Wire) Virtual commercial cards have never been more necessary than today. Remote workers are turning to personal cards to pay for corporate expenses, buyers and suppliers need more efficient ways to pay &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386555","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide In collaboration with Conferma Pay, Visa helps businesses quickly digitize B2B payments SAN FRANCISCO &amp; MANCHESTER, England&#8211;(BUSINESS WIRE)&#8211; Visa\u202f(NYSE:V), the world\u2019s leader in digital payments, and Conferma Pay, the world\u2019s foremost provider of virtual payments technology, today announced a strategic partnership to launch Visa Commercial Pay, a suite of B2B payment solutions, to help improve cashflow for businesses and eliminate outdated manual processes. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/ (Graphic: Business Wire) Virtual commercial cards have never been more necessary than today. Remote workers are turning to personal cards to pay for corporate expenses, buyers and suppliers need more efficient ways to pay &hellip; Continue reading &quot;Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-23T12:18:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20201123005446\/en\/841023\/4\/VisaCommercialPayVisual.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide\",\"datePublished\":\"2020-11-23T12:18:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\\\/\"},\"wordCount\":989,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20201123005446\\\/en\\\/841023\\\/4\\\/VisaCommercialPayVisual.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visa-commercial-pay-brings-virtual-card-capabilities-to-clients-and-partners-worldwide\\\/\",\"name\":\"Visa Commercial Pay Brings Virtual Card Capabilities to Clients and Partners Worldwide - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201123005446\/en\/ (Graphic: Business Wire) Virtual commercial cards have never been more necessary than today. 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